Nowadays, almost everyone wants to invest in a place where they can get a safe and high return. The main reason for this is inflation! Prices of goods never decrease over time; they only rise. So, investments should be able to keep up with inflation.
When it comes to high returns, the stock market is the first option that comes to mind. However, it is linked to market fluctuations, making it risky. If you want a safer option, bank fixed deposits, post office term deposits, or recurring deposits are the preferred choices for millions of middle-class people in the country.
There are various schemes offered by the post office that provide safe and significant returns. Among these, term deposits and recurring deposits are worth mentioning! However, there’s another secure post office scheme that can be very beneficial for the middle class.
How Much Can You Earn by Investing ₹3 Lakh in This Post Office Scheme for 3 Years?
The post office offers various schemes, including the time deposit scheme. In this scheme, you can earn substantial returns in a short period. It’s similar to an FD scheme, where you invest for a fixed period and earn a high return. Currently, the post office’s 3-year time deposit scheme offers an interest rate of 7.1% per annum.
Post Office 3-Year Time Deposit Scheme: What Can You Earn?
If you invest ₹3 lakh in the post office’s 3-year time deposit scheme at an interest rate of 7.1% per annum, you will receive ₹3,63,900 at maturity, according to the clear tax FD calculator.
Guaranteed Returns with Post Office Time Deposit Scheme
If you invest ₹3 lakh in the 3-year time deposit scheme, you will earn ₹63,900 in interest. Investors in this scheme can be assured of a safe and secure return. The money invested is protected, and you can earn a significant return without any risk.
Investing in the post office time deposit scheme guarantees a safe and secure return, making it an excellent choice for middle-class investors looking for stability.