Post Office’s Dhansu scheme: You will get great interest on Rs 2 lakh in 5 years

Post Office Time Deposit Scheme is a safe and profitable investment option, in which investment can be made for a period of 1, 2, 3 or 5 years.

Interest rates range from 6.9% to 7.5%, which is higher than other banks. Tax benefits are also available in this scheme. This scheme is available for all age groups…

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National Desk: If you are looking for better returns along with keeping your money safe, then the Post Office Time Deposit Scheme can be a great option for you. This scheme is not only safe, but the interest received in it is also attractive, which makes it special compared to other investment options.

What is Post Office Time Deposit Scheme?

Post Office Time Deposit Scheme is a savings scheme, which is run by the Indian Postal Department. This scheme is for those who want to keep their money safe and want better returns in a fixed time period. There is no age limit for investment in this scheme, that is, anyone from children to the elderly can take advantage of this scheme.

Scheme Features

1. Investment period: In this scheme, you can invest for a period of 1, 2, 3 or 5 years. This flexibility helps you choose the right option according to your financial plans.

2. Interest Rate: The interest rate in this scheme is fixed according to different tenures:

– 1 year tenure: 6.9% interest

– 2 to 3 years tenure: 7% interest

– For 5 years: 7.5% interest

These rates are better than other bank’s fixed deposit schemes, making this scheme more profitable.

3. Security: This scheme comes under government security, so your money is completely safe.

4. Tax Benefit: By investing in this scheme, you can also get the benefit of tax exemption under income tax, which further increases your total savings.

How to invest?

Investing in this scheme is very easy. All you have to do is go to your nearest post office and fill an application form. Along with the application form, you also have to submit documents of your identity and proof of address. The minimum investment amount is Rs 1,000, and you can deposit the amount as per your convenience. You can also invest multiple times in this scheme.

Interest calculation and returns

Now let’s see what benefits you can get by investing in this scheme. Suppose you invest Rs 5 lakh for 5 years. In this case, you will get around Rs 7,24,974 after maturity. Out of this, Rs 2,24,974 will be in the form of interest only. Similarly, if you invest Rs 2 lakh, you will get around Rs 2,89,990 on maturity. The interest you earn on this will be around Rs 89,990.

Long-term benefits

If you are thinking of investing your money for a long period, then this scheme may be better for you. In a period of 5 years, you will not only get good interest, but your investment will also be safe. This will give you financial stability and you will be prepared for unexpected expenses in the future. If you are looking for better returns along with keeping your money safe, then the Post Office Time Deposit Scheme is an excellent option for you. Investing in this scheme will not only give you higher interest rates but it will also help in your long term savings.

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