Post Office Special Scheme: Investors will get strong interest up to Rs 2 lakh on investing for 5 years, check scheme details

 

Post Office Saving Scheme Post Office is running many saving schemes for investment. Through these schemes, investors can avail high interest. If you also want to get high returns from post office scheme, then you should invest in Post Office Time Deposit Scheme. Let us know about this scheme in detail.

Post Office Saving Scheme: Along with Bank FD, Post Office Saving Scheme is also very popular for investment. By investing in Post Office Saving Scheme, you can get higher returns along with savings. Although there are many saving schemes of Post Office, but among these Post Office Time Deposit Scheme is quite popular.

By investing in this scheme, you can also take advantage of high interest rate. Actually, the government is giving strong interest in this scheme. We will tell you about this scheme.

About Post Office Time Deposit Scheme

Anyone can invest in this scheme of post office. That is, there is no age limit for investing in this scheme. Along with high interest, it also provides the benefit of tax benefit. The government is currently giving 7.5 percent interest in this scheme. This scheme matures in a maximum of five years. If we talk about returns, then it gives more returns than other post office schemes.

Interest rate of Post Office Time Deposit Scheme

The interest rate of different tenures on the Post Office Time Deposit Scheme is different.

  • 6.9 percent interest is being given on 1 year tenure.
  • 7 percent interest is being given on 2 to 3 year deposit scheme.
  • 7.5 percent interest rate is being given on investment for 5 years.

You will earn lakhs from interest

If you calculate the interest rate of post office time deposit, you can get interest up to lakhs of rupees. Understand it like this, if you invest Rs 5 lakh for five years, you will get a total of Rs 7,24,974 after maturity. Out of this, Rs 2,24,974 will be interest.

Comments

Post a Comment

Popular posts from this blog

Senior Citizen Train Ticket Discount: Government has issued a new statement regarding giving discount to senior citizens on train tickets, know the details here

Image
  Senior Citizen Train Ticket Discount: Once again a demand has been made in the Lok Sabha to give discount to senior citizens on train tickets. Senior Citizen Train Ticket Discount:  Railways has withdrawn the discount given to senior citizens on train tickets since the Corona period. However, from time to time there has been a demand to restore this concession given to senior citizens in trains. Even in the winter session of the Lok Sabha, some members raised the demand for increasing fare concessions and facilities for senior citizens traveling in trains. However, even before this, Railway Minister Ashwini Vaishnav has told in the Lok Sabha that during the train journey, every passenger is given an average subsidy of 53 percent on the train ticket. Apart from this, he also told who gets discount on tickets while traveling by train. Demand for discount in train tickets raised again During Zero Hour in the House, Janata Dal (United) MP Kaushalendra Kumar said that before the Corona ep
Read more

Cash Transaction Rules: Income tax rules on cash transaction between Husband-Wife and Son-Father, know rules

Image
  Cash Transaction Rules: Income tax keeps an eye on our every transaction. But is there any tax on cash transactions or can Income Tax send a notice? Or how much cash transaction can take place between you and your wife or between father and son? If you also have these questions in your mind, then let us know their answers… If you also transact money between father and son or between husband and wife, then this news is useful for you. Actually, every transaction of ours has an eye on income. In such a situation, a question arises in the minds of many people whether income tax notice can be received even on cash transactions? Let us know how much cash transaction you can do in your family. Income tax sends notice? According to tax experts, if you give money every month for household expenses or give money as a gift, then the wife is not liable for income tax. Both these types of amounts will be considered as the income of the husband. The wife will not receive any notice from the Incom
Read more

Have a Current/Savings Bank Account? Know the Cash Deposit Limits under Income Tax Act to avoid Penalties and Notices

Image
  Adhering to cash deposit and withdrawal limits is crucial to remain compliant with the Income Tax Act in India. This article aims to elucidate the various facets of cash-related regulations, encompassing savings and current accounts, fixed deposits, credit card bill payments, real estate transactions, and more.  Cash Deposit Limits in Savings and Current Accounts The Indian Income Tax Act imposes specific regulations on significant cash deposits in savings accounts. Individuals accumulating INR 10 lakh or more during a fiscal year must notify tax authorities.  For current accounts, this threshold is set higher at INR 50 lakh. Although not immediately taxed, financial institutions report transactions exceeding these limits.  Cash Withdrawal and TDS under Section 194N  Section 194N outlines TDS rules for cash withdrawals. A 2% TDS is levied on withdrawals exceeding INR 1 crore within a fiscal year. Non-filers face a 2% TDS on withdrawals over INR 20 lakh and a 5% TDS on amounts exceedi
Read more