Post Office Time Deposit Interest Rate: Today people want to invest. But no one knows where and how much to invest. Many people know how to invest but don’t know how much to invest. Sometimes the money you deposit sinks, but today we will tell you about the way to deposit money in a government office and earn high interest.
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A post office which is run by the government. Everyone can benefit from the post office scheme. There are many schemes going on in the post office. Today we can help you earn good interest and capital by investing with joint spousal accounts. Under this scheme, the husband and wife have to deposit a fixed amount every month.
Post Office Scheme
Post office time deposit interest rate, In post office scheme you can get money in your account till the completion of 1 year period. To take advantage of this scheme of post office, you have to invest money in the post office first. This investment requires you to open an account in the post office and deposit some amount every month. Post office time deposit interest rate, If you already have an account with the post office, you can open a joint account with two or three persons.
Post Office Time Deposit Interest Rate
This scheme of post office is very amazing, many people of India have started taking advantage of this scheme. In this scheme, if two people have a joint account, you get interest at the rate of 7.5%, from July 2, 2024, the interest on the invested money is to increase. That means you can get more interest now than before. If you have invested money, you get good capital and interest after some years.
Post office scheme has a maturity of around 5 years, and once the account is opened you cannot withdraw money for up to 1 year. You can start with an investment of Rs 1000 for Post Office Scheme.
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How Much Can We Invest In Post Office Scheme?
You can invest money in post office scheme for up to 5 years. You can now invest up to 15 lakh rupees. This amount was kept at 9 lakhs by the previous government. In which you could invest as much as 9 lakh rupees for 5 years. Now if you have a joint account you can invest around 15 lakhs. This increase has been started from 1 April 2024.
Under the Post Office scheme, free investment offers a guaranteed return every month, if you invest ₹ 500000 for 5 years, you will get it at an interest rate of 7.4 percent per month. Rs. 3084 will be received while the maximum composition of an individual account holder i.e. Rs. 900000 if calculated as Rs. 5500 will be earned.
Good Return On Unit Investment Post Office Scheme
Also, under the scheme, the applicant and the post office scheme account have a maximum of Rs. 9 lakhs, where the joint account limit has been increased by the government, with a maximum limit of Rs. 15 lakhs on completion the director can get the invested amount and the tenure of the scheme can be extended up to 5 years.
Also Read – Post Office Scheme 2024: Invest ₹1000 Every Month and Get Strong Interest
Conclusion
In post office time deposit interest rate, Post Office Scheme is one of the best government aided schemes providing services. The scheme has created profit and security limits for the citizens. The tenure of their investment and the amount of interest on the amount are all public. With its help citizens can grow their wealth well. These schemes create certainty of government institutions and help citizens to become self-reliant. Therefore, implementing the post office scheme schemes is great for the citizens.
