Post Office TD: Like banks, in post offices too you get the option of fixed deposits with different tenures. This is known as Post Office Time Deposit. If you want to earn better profits from this scheme, then invest in 5-year FD and extend it and keep investing for another 5 years. In this way, in a total of 10 years, you can earn more from interest than the original amount invested. Here see the calculation for ₹ 1,00,000 to ₹ 5,00,000.
How much return on depositing ₹ 5,00,000
Post office is getting interest at the rate of 7.5 percent on 5-year time deposit. If you deposit Rs 5,00,000 for 10 years, you will get Rs 5,51,175 as interest and the maturity amount will be Rs 10,51,175.
How much return on depositing ₹4,00,000
If you deposit ₹4,00,000, you will get Rs 4,40,940 as interest in 10 years at the rate of 7.5 percent interest and the maturity amount will be Rs 8,40,940.
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How much return on depositing ₹3,00,000
If you invest Rs 3,00,000 in this scheme for 10 years, you will get Rs 3,30,705 as interest. In this way, you will get Rs 6,30,705 on maturity.
How much return on depositing ₹2,00,000
If you deposit ₹2,00,000 for 10 years, you will get ₹2,20,470 as interest and the maturity amount will be ₹4,20,470.
How much return on depositing ₹1,00,000
If you invest ₹1,00,000 in this scheme for 10 years, you will get ₹1,10,235 as interest. In this way, you will get ₹2,10,235 on maturity.
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