FD Calculator: The five-year time deposit scheme (like FD) in the post office is a better tool for investment. At present, the interest rate of 7 percent is applicable in this scheme.
In this (Post office 5 year Time Deposit scheme) the rate of interest is annual but is calculated on a quarterly basis. Investment in this scheme can be started with a minimum of Rs 1000. If you come from those investors who do not want to take risk and can be satisfied with fixed returns, then you can invest lump sum money in Post Office 5 year TD scheme of Post Office. In lieu of this, how much return will be received, we understand it here with the help of FD calculator.
How much will be the profit on investing ₹ 1 lakh
According to the Bankbazaar Post Office FD calculator, if you invest Rs 1 lakh today (by choosing the Reinvestment/Cumulative option) in the five-year Post Office Time Deposit Scheme, you will get 7 percent interest on maturity based on That is, after 5 years you will get Rs 1,41,478. In this, Rs 1 lakh is your investment amount and on this you will get the actual return of Rs 41, 478. The investment made under this post office scheme is also safe.
How much will be the profit on investment of ₹ 2 lakh
If you invest Rs 2 lakh in the five-year post office time deposit scheme as on date, then on the basis of 7 percent interest rate, on maturity i.e. after 5 years, you will get a total of Rs 2,82,956. There is an investment of Rs 2 lakh from your side and you will get Rs 82,956 as a return.
If you invest ₹ 5 lakh, you will get this much return
According to the Bankbazaar Post Office FD Calculator, if an investor invests Rs 5 lakh in this scheme as a lump sum, then he gets a total of Rs 7,07,389 as calculated on maturity on the basis of 7 percent interest. The amount invested by the investor in this is Rs 5 lakh, but on this he gets a return of Rs 2,07,389.
Benefits of Five Year Time Deposit Scheme in Post Office
If you invest in this scheme (Post office 5 year Time Deposit scheme), then you can open as many accounts as you want. Benefit is also available under section 80C (section 80C) of the Income Tax Act 1961 on the investment made in this. On maturity, you can also extend it for the same amount of time. Any single, joint and even three adults together can open the account. A minor can also operate the account.
