Going into retirement savings, until one-line save schemes, one trust or post office saving schemes. The post office has come up with a very unique FD scheme that offers good returns when wisely invested. Under this scheme, investing Rs 3 lakh will earn interest of Rs 1,14,126, and so this is an ideal medium-term investment.
Uniqueness of Post Office FD Scheme
The newly launched FD scheme is meant to give investors a secure and profitable avenue for their money. The terms, interest rates, and government backing are a nod to its reliability, thus making it a trusted means with regular investors as well as senior citizens.
- Tenure: Tenure fixed as per Post Office rules
- Interest: Returns are guaranteed
- Investment: An option for the small- and middle-scale investors
- Safety: Backed by the Government of India so that the principal is kept safe
Maturity Value of Rs 3 Lakh Investment
For Rs 3 lakh investment, Rs 1,14,126 will be paid as interest on maturity. Hence, the total maturity amount will be greater than Rs 4,14,000. Thus, Post Office FD is not only very safe but highly rewarding too, for the investors looking put compulsory growth down on paper.
Splendid Investor Benefits
The Post Office FDs throw up various benefits for the investor:
- Guaranteed return No risk of market price
- Higher interest rates as compared to the normal banks
- Special facilities for senior citizens by way of high rate of interest
- Both cumulative and non-cumulative deposits are offered!
- Can be short-term and medium-term investments
Conclusion
The Post Office Term Deposits Fair Eye Scheme is a fantastic opportunity for investors who desire safety with a high rate of returns. A deposit of Rs 3 lakh earns Rs 1,14,126 of interest, hence highly profitable. This scheme is sold as a very good option for those interested in safe growth without having to face market risks.
