Regular investment can yield big returns in the long run, as investment experts say. Currently, there are many investment options in the market. But yes, all of them come with some risk. However, government schemes, bonds, and bank deposit schemes offer guaranteed returns. In these cases, there is no risk. In this article, we will share all the detailed information about this topic.

Bank Deposit Schemes: A Safe Investment Option

When we talk about bank deposit schemes, the first thing that comes to most people’s mind is fixed deposits. This is because they are a popular investment option. Currently, banks are offering good interest rates on fixed deposits. Senior citizens, in particular, enjoy higher interest rates compared to regular citizens. Additionally, you can also make a fixed deposit in the name of an elderly family member.

About Fixed Deposits

Fixed deposits are a highly popular form of investment today. The interest rates vary between banks. However, fixed deposits are also available through the Post Office, which offers some attractive returns.

Post Office FD Scheme: A Guaranteed Return

The Post Office FD Scheme offers guaranteed returns, making it a safe and secure investment option. It’s an ideal scheme for investors who want to avoid market risks. By investing in this scheme, you get the security of returns backed by the government.

How to Earn 13 Lakh in Just 5 Years from Post Office FD

The interest rate for Post Office FD varies depending on the investment duration. For a 5-year investment, the interest rate is 7.5% per annum, which is the highest rate available. For example, if you invest INR 9 lakh in the Post Office FD Scheme for 5 years, you can expect a return of INR 13,04,953 at the time of maturity. The total interest earned would be INR 4,04,953.

Benefits of the Post Office FD Scheme

  • Guaranteed Returns: The government guarantees your returns, making this a low-risk investment option.
  • Quarterly Compounding: The interest is compounded quarterly, which boosts the returns.
  • Tax Benefits: You can also avail of tax deductions under Section 80C of the Income Tax Act.

In conclusion, the Post Office FD Scheme offers a secure and profitable way to invest with the added advantage of tax benefits and higher returns due to quarterly compounding.