Investment options often point to Fixed Deposits (FDs) as a preferred choice.
While many banks, both big and small, offer FDs, the post office has a trump card – the Time Deposit Scheme.
Surpassing even the largest government bank’s rates, the Post Office Time Deposit Scheme reigns supreme.
SBI offers 6.50% annual interest on 5-year FDs, but the Post Office Scheme boasts a higher 7.5% interest on the same tenure.
Flexible Tenures for Guaranteed Returns
Post offices present time deposit choices spanning 1, 2, 3, and 5 years.
Comparable to bank FDs, investors enjoy the security of assured returns with this scheme:
1 year – 6.90%
2 years – 7.00%
3 years – 7.00%
5 years – 7.50%
Who Can Opt for the Post Office Time Deposit Account?
Whether flying solo or teaming up, the choice is yours
Individual account
Joint account (up to three account holders)
Account for a minor child (aged 10 or above) under parental guidance
Notable Features of the Post Office Time Deposit Scheme
Interest Rate: A lucrative 7.5%
Investment Cap: Rs 5 Lakh
Maturity Amount: A rewarding Rs 7,24,974 (over 5 years)
Interest Gains: Benefit from Rs 2,24,974
Choose Smartly, Invest Wisely – Secure Your Future with Post Office Time Deposit Scheme!
