Post Office New Scheme: Big News! Get tax exemption with more returns than bank, check scheme details

Post Office New Scheme: Post Office Savings Plans Saving (Post Office Schemes) is considered the safest. You also get good returns by investing in these schemes. 

There are many such schemes out of these, which give you more returns than the bank. Also, Income Tax Rebate is also given under this scheme . If you want to make safe and profitable investment then you can invest in Fixed Deposit Scheme of Post Office . Investing in a fixed deposit in a post office gives you many benefits. The most important thing is that in this you will get government guarantee along with returns. Here you get the facility of interest on quarterly basis.

Investing in FD at Post Office is very easy. India Post has given detailed information about this on its website. According to this information, you can get FD done in the post office for different periods including 1,2, 3 or 5 years. The more you invest in this scheme, the more profit you will get. The maturity of this plan is high with more investment.

Benefits of FD Scheme

• The Government of India gives you a guarantee on the fixed deposit in the post office.
• Investor’s money completely safe
• In this, FD can be done through offline (cash, cheque) or online (net
• banking / mobile banking) methods.
• You can invest in more than one FD. Also your FD
• account can be joint.
• Fixed deposit or fixed deposit for 5 years will give you tax exemption at the time of filing ITR.
• You can easily transfer FD from one post office to another post office.

Know how much interest will be received

To invest in FD at the post office, you can open an account by paying in check or cash. Accounts can be opened with a minimum of Rs 1,000 and there is no maximum limit. Notably, FDs offer very high interest. Under this, 5.50 percent interest is available on FD from 7 days to one year. The same interest rate is also available on FDs of 1 year 1 day to 2 years. At the same time, 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 of 3 years and 1 day to 5 years.