Post Office Scheme: Earn 7.5% Interest and Save on Taxes with Time Deposit

Benefits of the Post Office Time Deposit Scheme

Minimum Investment: You can start investing with just ₹1000, and there’s no upper limit.

Interest Rates: The interest rates vary depending on the investment period—6.9% for 1 year, 7.0% for 2 years, 7.1% for 3 years, and 7.5% for 5 years.

Joint Account: Up to three people can jointly open an account under this scheme.

Tax Exemption: Get a tax deduction of up to ₹1.5 lakh per year for a 5-year deposit.

How Your Investment Grows

For example, if you save ₹2,778 daily and invest a lump sum of ₹10 lakh after a year, this scheme will yield ₹4,49,948 in interest over 5 years.

At the end of this period, your total amount will be ₹14,49,948.

Why Choose This Plan?

The Post Office Time Deposit Scheme is a secure and profitable choice for investors looking for guaranteed returns.

The high interest rates, combined with tax benefits, make it an appealing option.

This scheme not only safeguards your money but also helps you accumulate a substantial amount of interest over five years,

significantly boosting your total investment.