In this guaranteed return scheme, you get Rs 2,24,974 as interest on Rs 5,00,000 investment; know details
Post Office Time Deposit Account (TD): Post Office Term Deposit is also known as post office FD. The 5-year FD provides an interest rate of 7.5 per cent. The 5-year FD is unique as it also provides tax benefits on deposits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act. Since it's a non-market-linked small savings scheme, not only does it provide interest, but it can also help diversify your portfolio.
![In this guaranteed return scheme, you get Rs 2,24,974 as interest on Rs 5,00,000 investment; know details](https://cdn.zeebiz.com/sites/default/files/2024/05/27/295906-micheile-henderson-lz4npfkcv8-unsplash-1.jpg?im=FitAndFill=(1200,900))
In Post Office FD, one can open a single account, a joint account (up to 3 adults), or a guardian account on behalf of a minor. Photo: Unsplash/Representational