If you are planning to invest in savings scheme, then let us tell you that there are some FD schemes in which you can invest and get good returns in future, but we are going to tell you about such a savings scheme of your post office which gives you good returns in less investment, you can get a return of up to ₹ 1 lakh. You just have to start investing from ₹ 10000 and you can easily get a return of up to ₹ 100000. By the way, savings scheme is considered to be much safer than other schemes, your money remains absolutely safe and the government also supports people through savings schemes, in such a situation, we are going to tell you about the fixed deposit (FD) of the post office
About Post Office FD
Post Office Fixed Deposit (FD) is a scheme in which you can get good returns by investing less money in which the money is invested for a fixed period. If you choose the option for a period of one year or 5 years, then you also get a good return. The longer you invest, the more benefit you can get. You can get the rest of the information by visiting the nearest post office branch where the post office employee will provide you more information about this scheme. This scheme is especially good for those people who do not want to take the risk of investing in a mutual fund or stock market.
Post Office FD Interest Rate
If you are thinking of investing in this HD scheme of the Post Office, then before that it is very important for you to get information about the interest rate. In this scheme, you are given an interest rate of 7.5% per annum. The interest is compounded quarterly. It increases the overall growth as compared to simple interest deposit and you get a good amount of interest. This scheme is considered to be a very good option to get good returns in a short time.
Investing just ₹10,000, earn a profit of ₹1 lakh
Now let us tell you how much return you can get by investing only up to ₹10,000. At a 5-year interest rate, you are provided an annual interest of 7.5%. In such a situation, if you invest ₹10,000 for 5 years, it becomes around ₹14,400. In such a situation, if you invest ₹50,000, then your maturity amount is around ₹13,000 and in such a situation, an investment of ₹75,000 reaches around ₹108,000 and after 5 years, you get a return of about ₹1,44,000. Now how can you invest in this scheme? Let us tell you that you can start investing in this scheme by visiting the nearest post office branch.