Cric Hindi News

Post Office FD: How much return will you get on investment of Rs 1 lakh? Here is the complete calculation

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Interest on post office FD ranges from 6.9% to 7.5% depending on the tenure. The highest interest available in 5 year FD is 7.5%, which is above the normal FD of any bank. If you want long term investment, then this becomes the best option in terms of returns.If you deposit Rs 1 lakh in a 5-year post office FD, then at the rate of 7.5% annual interest, your amount increases to Rs 1,44,995 on maturity. That means the entire Rs 44,995 is available only in the form of interest. This return is much better than bank FD.In this FD you can open an account with a minimum of Rs 1000 and there is no limit on maximum investment. That means, whether small or big investors, everyone can take advantage of it. You can open FD either as a single or joint account, in which a maximum of three people can join.Post office FD is directly operated by the central government, so there is no risk of money getting stuck in it. All customers get the same interest rate whereas banks change the rates for different categories. Government guarantee, high interest and safe returns make it a very reliable option for the common investor.

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