Post Office Term Deposit 2023: Even today most of the people in the country depend on the post office scheme for investment. Post Office keeps bringing different schemes for its customers. You get a large number of scheme options in the post office, which give you good returns (Small Saving Scheme).
If you are also looking for a safe investment option, then you can invest in the fixed deposit scheme of the post office. The special thing about this scheme is that the money invested in it is absolutely safe and also gives you good returns. You can invest in the post office for a period of 1 to 5 years. It is a small savings scheme which gives you very good returns.
You will get this much money on investment of one lakh
Let us tell you that under the Post Office Term Deposit Scheme, you can invest money for up to 5 years. On this you will get interest at the rate of about 6.7 percent per annum. That is, if a person opens an account by depositing Rs 1 lakh in term deposit for 5 years, then after 5 years he will get Rs 1,39,407 including interest. At the same time, the interest rate of post office term deposit on term issue of 1, 2 and 3 years is around 5.5 per cent.
These people can open account
Let us tell you that under the Post Office Term Deposit Scheme, you can open both single or joint accounts. Children below the age of 10 years can also open an account in this post office scheme under the supervision of parents or mentally challenged persons.
Will have to invest this much
You can start this account with Rs 1000. At the same time, you will also get tax exemption under Section 80C of Income Tax on 5-year term deposit scheme.
You get these benefits
In this post office scheme, you get the facility of nominee.
You can transfer it to any post office.
You can open it both single and joint.
