You also get many special facilities by making FD (Post office fixed deposit) in the post office. Apart from this, you also get government guarantee.
New Delhi: If you are also thinking of earning big through post office, then you can invest in fixed deposit. You also get many special facilities by making FD (Post Office Fixed Deposit) in the post office. Apart from this, you also get government guarantee. Your money is completely safe in the post office. Apart from this, the benefit of interest is also available. You get the facility of interest on quarterly basis.
Getting FD in the post office is very easy. According to the website of India Post, you can get FD in the post office for 1,2, 3, 5 years. Let us tell you what kind of benefits you get-
1. Government of India guarantee is given on making fixed deposit in the post office.
2. This is a government scheme and investors’ money is completely safe in this.
3. You can make FD offline (cash, cheque) or online (net banking/ mobile banking) at the post office.
4. You can make more than 1 FD in the post office. Apart from this, FD account can be joint.
5. If you make a fixed deposit in the post office for 5 years, then you will get tax exemption at the time of filing ITR.
6. Your FD can be easily transferred from one post office to another post office.
How to open FD
For FD in the post office, you can open an account by paying check or cash. The minimum requirement for opening an account is Rs 1000. There is no limit on the maximum amount deposited in this account.
How much interest do you get on FD
Talking about the interest received on FD, it gives 5.50 percent interest on FD of 7 days to one year. There is also the same interest rate on FDs of 1 year 1 day to 2 years. Interest is also available on FD up to 3 years at the rate of 5.50 percent. 6.70 percent interest is available on FDs from 3 years one day to 5 years.
These facilities are available
Apart from this, customers also get the facility to transfer accounts. You can transfer the FD to your nearest office. Apart from this, the facility of adding or changing the nominee is also given. You can add or change the nominee even after the account is opened.
