Post Office FD Scheme: In this modern time all are supposed to be investing in order to make their future financially secure. The Post Office FD Scheme is one of the safer investment options for Indian citizens. For investing in the same scheme, you not only accrue good interest with your safe capital but also enjoy other benefits which accrue to the deposit. If you have been thinking of investing in Fixed Deposit (FD), Today you will know through this article about a new Post Office scheme where you deposit only 50 thousand rupees and get big returns in 5 years. So, let’s find out more about it.
Benefits Of Post Office FD Scheme
The most interesting narrow fact is that you can get multiple benefits while you invest in the Post Office FD Scheme. The biggest advantage is that, absolutely safe returns will be provided here. According to this scheme of Indian Post Office, in this time, you get 7.5% interest, which proves to be an excellent investment scheme for investors. Also, the minimum amount to open a Post Office FD would just be 1,000 while the maximum amount you can invest is in thousands.
Invest 50,000 for 5 years
If you opt for Post Office FD for 5 years by investing Rs. 50,000, you will be rewarded with a 7.5% interest rate. Let us tell you that the interest is credited every quarter, but at the end of every year you will receive the amount of the entire year. With this scheme, you are getting a complete amount of interest after a year that comes to a total of 72,497 after deducting your principal amount.
Changes in interest rates
Let us inform you that the interest rate in the Post Office FD scheme is officially declared by the central government and it varies from time to time. Let us tell you that if the government changes the rate of interest in the future, then your investment may also be affected. To be perfectly clear, if someone invests in the Post Office FD scheme, they should keep himself updated about the current interest rate.
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