Post Office Scheme: On investing 5 lakh rupees in Post Office scheme, you are getting 10,51,175 rupees, know more..

Always include both secure and unsecured investment platforms in your portfolio. The post office scheme is a great option for a secure investment, which provides many types of schemes. By investing in these, you can create a good fund.

Today, in this news, we are going to talk about a scheme in which your money can double by investing. If you invest in the post office time deposit scheme, then your money will double in a few years. It gives up to 7.5 percent return. In the post office time deposit scheme, the option of investing for 1 year to 5 years is given.

After how many years of investment will the money double?

If you invest in any scheme of the post office for 10 years, then your money will almost double at a 7.5% interest rate. The interest received in this is added every four months. This is an investment option with safe and fixed returns.

Calculation- For example, if you invest Rs 5 lakh in the Post Office TD Scheme for 10 years, then you get Rs 10,51,175 after 10 years at the rate of 7.5 percent return.

In this way, you will be able to double the money in 10 years by investing in this scheme.

There are some important rules related to the scheme, it is very important to know about them before investing. So that there is no problem in the future.

Benefits of TD Schemes-

- This scheme can be started with an amount of Rs 1000.

- There is no maximum amount to invest in it.

- It gives better returns than FDs of many banks.

- The account of a child above 10 years of age can be opened under the scheme.

- On investing for 5 years, you get the benefit of tax exemption under section 80C.

- The scheme also offers the benefit of a joint account.

Know these important rules before investing-

- No investor can withdraw money before 6 months. If money is withdrawn after 6 months, then interest is given as much as in a savings account.

- Money can be invested in this scheme for 1 to 5 years. If you want, you can also extend the duration of the scheme.

- Along with this, if you close an account with a tenure of 2, 3, or 5 years after 1 year, then you get 2 percent less interest.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.