Like the bank, the FD (Post Office FD) scheme is also run in the post office. This is called Post Office Time Deposit. You can get the amount fixed for 1, 2, 3 and 5 years in the post office time deposit.
The interest rate also varies from year to year. Recently the post office has increased the interest rates of FD. In such a situation, now you will get more interest than before on making a fixed deposit in the post office. If you are also thinking of getting FD done in the post office, then know here how much benefit you will get with the increased interest rates in 1, 2, 3 and 5 years.
1 year FD
At present, interest is being received at the rate of 6.8 per cent on the 1-year FD of the post office, which was earlier 6.6 per cent. Suppose if you get an FD of 2 lakhs done for one year, then you will get Rs 13,951 only as interest at the rate of 6.8 per cent. In this case, after one year you will get a total of Rs 2,13,951.
2 year FD
On the other hand, if you are thinking of getting an FD for two years, then interest is being received at the rate of 6.9 per cent on the two-year FD. Before April 1, this interest rate was 6.8. In such a situation, if you get an FD of 2 lakhs done for two years, then you will get a total of Rs 29,325 as interest. In this way you will get a total of Rs 2, 29,325.
3 year FD
At the same time, from April 1, 3-year post office FD is now getting interest at 7 percent, which was earlier at 6.9 percent. If you get an FD of 2 lakhs for 3 years, you will get Rs 46,288 as interest at the rate of 7%, in this way you will get Rs 2, 46,288 on maturity.
5 year FDz
If you get 5 years FD done, then you will get interest at the rate of 7.5 percent. Before April 1, this interest rate was 7 percent. In this way, on getting an FD of 2 lakhs done for 5 years, you will get Rs 89,990 as interest. In this way you will get a total of Rs 2, 89,990 after 5 years.
