Post Office Savings Scheme – This is a golden opportunity to join a Post Office scheme. By joining various schemes offered by this institution, you can earn attractive interest. Just like banks offer interest on fixed deposits, the Post Office also helps people grow their wealth through its schemes. Recently, the RBI cut the repo rate, following which banks also reduced their interest rates.

According to a report, the RBI has already cut the repo rate by 1.25 per cent in 2025. Now, Post Office savings schemes are offering attractive interest rates as before. If you invest Rs. 2 lakh in a Post Office Fixed Deposit scheme, you will receive substantial interest. Your investment is safe and yields significant returns.

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Post Office Savings Schemes are Excellent

Post Office savings schemes are quite special. The interest rates offered on these schemes depend on the RBI’s repo rate. The Post Office is currently offering interest rates ranging from 6.9 per cent to 7 per cent on its Time Deposit schemes. This is proving to be a great benefit for people. Customers can open a Time Deposit account at the Post Office for a period of 1 to 5 years.

A 1-year TD will fetch 6per centent interest. A 2-year Time Deposit offers per cent interest, a 3-year TD offersper centrcent, and a 5-year TD offerper centercent interest. These are the current interest rates. People receive their entire amount back with fixed interest after the stipulated time period.

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Bumper Interest on a Deposit of Rs. 2 Lakh

If you invest Rs. 2 lakh in a 5-year Time Deposit scheme at the Post Office, you will receive a bumper return on maturity. On maturity, the investor will receive a total of Rs. 2,89,990. This ia ncludes fixed interest of Rs. 89,990.

Currently, no bank in the country is offering 7.5 per cent interest on a 5-year FD scheme. However, some important points need to be kept in mind. The time deposit scheme offers the same interest rate to customers of all age groups. Senior citizens receive an additional 0.50per centt interest on fixed deposits with certain tenures at the bank.