Post Office FD Scheme- Everyone wants to earn good profits by investing their money but many times people are confused about what kind of scheme to invest in or where to invest to get more profit. Let’s talk about post office schemes . Many types of schemes are offered by the post office, in which you can earn very good profits by investing. All these schemes are government and are also safe.
Today we will tell you about Post Office FD. We will tell you that if you invest in this scheme for 5 years, then where will you get more profit. Let’s know.
Post Office FD
In Post Office FD, you can invest in FDs of different tenures. The interest rates also vary according to the tenure. If you invest in Post Office FD for a tenure of 5 years, you will get a return at the interest rate of 7.5 percent. If you invest Rs 7 lakh in it, you will get a total of Rs 10,14,964 on maturity, i.e. you will get a total profit of Rs 3,14,964.
The post office offers its customers a return of 7.5 percent interest rate on FDs with a tenure of 5 years. To triple your invested amount, you have to extend this FD 2 times. You’ll surprise to hear that, If you invest Rs 2 lakh in a 5-year FD of the post office, you will get a total of Rs 2,89,990 on maturity. Now you have to extend this FD once again for the next 5 years. Now you will get a total of Rs 4,20,470 on maturity. Now you have to extend this FD once more for the next 5 years. Now you will get a total of Rs 6,09,370 on maturity. In this way, you can convert your investment of Rs 2 lakh into a full amount of Rs 6 lakh. However, for this you will have to give 15 years of time.
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