Cric Hindi News

Superhit scheme of post office… invest Rs 2 lakh, get direct benefit of Rs 90 thousand!

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If you want a sure guarantee on your hard-earned money, away from the risks of the stock market, then the Post Office's 'Time Deposit Scheme' (TD) is perfect for you. In this you get more interest than the FD of many big government banks. The most important thing is that every single penny of yours is completely safe with the guarantee of the government. In this scheme, you can lock money for 1 to 5 years as per your convenience. At present the government is giving 6.9% interest on deposits of 1 year and 7% for 2 and 3 years. But the biggest profit is in 5 years investment, where you get a whopping 7.5% annual interest. Now just understand the simple mathematics of profit. If you deposit Rs 2 lakh in lump sum for 5 years in this scheme, then after 5 years at 7.5% interest rate, you will get a total of Rs 2,89,990. That is, without doing anything, you will earn a solid income of around Rs 90 thousand (₹ 89,990) just from interest! The best thing about this government scheme is that you can start with just Rs 1,000 and there is no upper limit on investment. The more money you invest, the more interest you will get. If you want, you can open a joint account alone or with someone. Account can also be opened in the name of children above 10 years of age. If you invest money in a 5-year time deposit, you also get a huge tax benefit under Section 80C of the Income Tax Act. Just keep one condition in mind, you cannot withdraw money for the first 6 months of account opening. If due to any compulsion, money has to be withdrawn prematurely, there can be a deduction (penalty) of up to 1% in interest.

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