High Return Investment: Investors get good returns in the post office time deposit account. Let us tell you how you can make 10 lakh rupees in just 3 years.
High Return Investment Plan: Even today there are many people who want to keep their investment completely safe, then the time deposit scheme of the post office is perfect for those people. Because here you do not even have the fear of losing your money. If you want to earn profit from short time investment, then you can invest money in this wonderful scheme present in the post office. Let us tell you how you can get 10 lakh rupees in just 3 years.
What is this scheme
You have to open a time deposit account in the post office. In this account you will have to invest 8 lakh 50 thousand rupees in a lump sum. Under this scheme, the post office will give you interest at the rate of 5.5% per annum. Accordingly, after only 3 years, you will get a return of more than Rs 10 lakh on maturity. That is, you will get an interest of 1 lakh 51 thousand rupees in 3 years.
Process like this
To open an account under this scheme, you have to open a time deposit account or fixed deposit account in the nearest post office. In this scheme, you can invest up to Rs 1,000 and there is no maximum investment amount. Only a person above the age of 10 years can invest in this scheme, but let us tell you that the account of a minor child is opened under the supervision of his parents. You can invest money in this scheme for 1 year, 2 years, 3 years and 5 years.
Premature Withdrawal Facility!
This scheme also has the advantage that if you suddenly need money, then you can withdraw this money, but let us tell you that the post office has made rules for this. You do not get permission to withdraw within 6 months of investment. At the same time, on withdrawal of the amount between 6 to 12 months, you will get interest equal to the savings account. On the other hand, if you withdraw money from the account before 2, 3 or 5 years, then 2% amount is deducted from your total interest.
