Best Post Office Saving Scheme: This post office scheme will make you a millionaire, invest money once and earn lakhs! – Bollywood Keeda

Best Post Office Saving Scheme: Many savings schemes are being operated in the post office for children and elderly. One of these special schemes helps investors earn lakhs only through interest. Yes, we are talking about Post Office Time Deposit Scheme. In this five-year plan, your money remains safe and you also get strong returns. For this reason it is one of the popular return schemes.

Everyone wants to save some part of their earnings and invest it in a place where their money is safe and they can get good returns on it. In this case, small savings schemes run by the post office are now proving to be quite popular. Talking about Post Office Time Deposit Scheme, it offers huge interest as well as excellent benefits. 7.5 percent interest is available on investment in this scheme.

There was a change in interest rates in April

The interest rates of small savings schemes (Government Small Savings Schemes) are revised by the government every three months and on April 1, 2023, the interest rate available in this Post Office Time Deposit Scheme for a period of five years will be revised. It was increased from 7 percent to 7.5 percent. This post office scheme with this interest rate is one of the best savings schemes as it is becoming popular among investors due to the guaranteed income.

You can invest for these periods

Investors can invest in this post office savings scheme for different periods. Under this, money can be deposited for 1 year, 2 years, 3 years and 5 years. If you invest for one year, you get 6.9 percent interest, if you invest money for 2 or 3 years, you get 7 percent interest and if you invest in Post Office Time Deposit Scheme for 5 years, If you do, you get 7.5 percent interest. , However, it takes more than five years for the customer’s investment to double.

Earning more than Rs 2 lakh from interest

If we look at the calculation of doubling of investors’ money in Post Office Time Deposit, suppose a customer invests Rs 5 lakh for five years and he gets interest at the rate of 7.5 percent, then during this period he will get Rs 2 lakh. Will get lakh rupees. Deposit. Interest of Rs 24,974 will be received and the total maturity amount including the investment amount will increase to Rs 7,24,974. That means you can earn guaranteed income of lakhs of rupees by investing in it.

You can get the benefit of tax exemption

In the time deposit scheme, the customer is also given the benefit of tax exemption under Section 80C of the Income Tax Department Act 1961. Single account or joint account can be opened in this savings scheme. The account of a child above 10 years of age can be opened through his/her family member. In this, an account can be opened with a minimum of Rs 1,000. In which interest money is added on annual basis.

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