Post Office FD Scheme: Friends, a very good post office scheme has been started by the post office, under which all of you will get a total of ₹4,14,126 on a fixed deposit of ₹300000. We will explain the entire calculation to you through this article.
So if you also want to earn high returns by investing your money then Post Office FD Scheme is going to be very useful for you.
Higher interest than bank with government guarantee
Most of the people who deposit their money in the bank get very less interest but if you deposit money in Post Office Fixed Deposit Scheme then you will get more interest and not only this, this scheme is guaranteed by the government. Let us tell you clearly that on the amount deposited for 5 years in Post Office FD Scheme, interest rate of 7.5% is being provided in 1 year. This interest rate is compounded quarterly i.e. every 3 months this interest is added to your deposited amount and interest is also provided on the next interest.
Due to which its total return is quite a large amount. If you deposit ₹300000 in the scheme for the entire 5 years, then the interest rate will be ₹1,14,126 and due to this, you will get only ₹1,14,126 interest rate on maturity. And the biggest thing, as told to you above and also here, is that the money invested in it does not sink because the government guarantee is available in this scheme.
After depositing ₹300000, how much return will I get on maturity tomorrow
We are going to explain the complete calculation here for you guys, like if you invest ₹ 300000 then how much interest rate will you get for how many years and along with this we will give you information about how much amount you will get on maturity in total, which is as follows through the table below:-
| Year information | Amount deposited in Post Office FD Scheme | The total interest rate received | Total amount received on maturity |
|---|---|---|---|
| First Year | ₹3 lakh | ₹23 thousand 411 rupees | ₹3 lakh 23 thousand 411 rupees |
| Second Year | ₹3 lakh | ₹48 thousand 286 rupees | ₹3 lakh 48 thousand 286 rupees |
| Third Year | ₹3 lakh | ₹ 74 thousand 737 rupees | ₹3 lakh 74 thousand 737 rupees |
| Fourth Year | ₹3 lakh | ₹ 1 lakh 2 thousand 891 rupees | ₹4 lakh 02 thousand 891 rupees |
| fifth year | ₹3 lakh | ₹ 1 lakh 14 thousand 216 rupees | ₹4 lakh 14 thousand 216 rupees |
How to open an account under Post Office FD Scheme?
- To open an account under the scheme, you have to first go to the post office.
- and eligibility must be ensured.
- You have to prepare all the documents with you.
- After this, you have to open an account by getting the form from the post office.
