Post Office FD: The post office is now giving returns to its customers with very strong interest rates in its fixed deposit scheme. If you invest your Rs 2 lakh in the FD scheme of the post office, then you are going to get a lot of money on maturity.
In the FD scheme of the post office, you can invest money for one year, two years, three years and five years and in all these time periods you get the benefit of different interest rates. Let us know how much money you will get on maturity if you have invested Rs 2 lakh for 5 years.
Interest rate in post office FD
Anyway, the interest rate in the post office is very strong and because of this people always get a lot of money at the time of return. At present, if you invest for a period of 5 years, then you will get the benefit of interest at the rate of 7.5 percent.
Apart from this, you are given the benefit of low interest rates in the rest of the time period. Now if you invest money in it for a period of 5 years, then you get the highest interest rate.
How is investment done?
If we talk about investment, then for this you have to go to the post office and start investing from there. In the post office, you have to open an account in the FD scheme and deposit whatever money you want to deposit. You also have to take some of your documents with you, so that your identity is established and your account is opened.
This much will be available for depositing 2 lakhs for 5 years
If we deposit 2 lakhs in the FD scheme of the post office for 5 years, then the post office will provide us the benefit of interest at the rate of 7.5 percent. According to this interest rate, when the maturity is calculated, after the completion of 5 years, you are given a return of ₹ 2,89,990 by the post office. In this, you get ₹ 89,990 from interest only.
If you invest 2 lakhs in SBI Bank for 5 years, then you will get this
Apart from the post office, if you invest your 2 lakh rupees in the FD scheme of State Bank of India for 5 years, then the bank gives a return of ₹ 2,76,084 to the common citizens. But if a senior citizen invests in it, then he gets the same return as the post office in which he gets a return of only ₹ 2,89,990.