Post Office: How much return will you get if you deposit Rs 2 lakh in your spouse’s name? Here is your answer  

Post Office Returns: The Reserve Bank of India (RBI) has cut the repo rate thrice this year. Due to this, banks have also reduced the interest rate on fixed deposits (FD). In such a situation, it has become a big problem for those who depend more on safe means like FD for investment. Especially for senior citizens. If you also want a safe investment option that gives good returns instead of FD, then you can look at the schemes of post office.

You can open a Public Provident Fund (PPF) account in the post office in your name as well as in the name of your spouse. This will give separate interest on both the accounts, i.e. you can get double benefit. A person can deposit a maximum of ₹ 1.5 lakh in his PPF account in a financial year. Also, he can deposit up to Rs 1.5 lakh in his wife’s account. Both the accounts will get interest independently.

You can avail similar benefits by investing in the Post Office Time Deposit (TD) scheme. TD also works like a fixed deposit – a lump sum amount is deposited for a fixed period and a fixed return is received on maturity.

Better interest rates than banks

This year, the Reserve Bank of India (RBI) has cut the repo rate twice – by 0.25% in February and April, bringing it down from 6.50% to 6.00%. As a result, most banks have reduced fixed deposit interest rates, but the post office is still offering stable and attractive interest rates.

The government revises the interest rates on small savings schemes of banks and post offices every three months.

Current Interest Rates on Post Office TD (2025)

Tenure

Interest Rate

1 year 6.90%

2 years 7.00%

3 years 7.10%

5 year 7.50%

These rates are the same for all investors. For example, if you invest Rs 2 lakh in a 2-year TD at 7.0% interest rate, you will get Rs 2,29,776 on maturity. That is, you will get a fixed interest of Rs 29,776.

Safe Investment Options

Since the post office comes directly under the control of the central government, the investment made here is completely safe. Every deposit of yours is under the guarantee of the government.