Post Office Scheme : If you also want to earn good returns on your investment, then this news is for you. Today, we are going to tell you about a Post Office scheme in which you can earn ₹2.24 lakh as interest on an investment of ₹5 lakh.
Investing your money wisely is very important, and everyone should invest a portion of their income in a good scheme. Generally, people prefer options like FD (Fixed Deposit), Post Office RD (Recurring Deposit), NSC (National Savings Certificate), and SCSS (Senior Citizen Savings Scheme). If you are planning to invest for 5 years, it’s essential to know which option offers the best returns. Let’s take a look at these schemes in detail:
Post Office FD (Fixed Deposit)
The 5-year Post Office FD is quite popular among investors because it offers an attractive interest rate of 7.5%.
If you invest ₹5 lakh in this scheme, you will receive a total of ₹7,24,974 upon maturity.
That means you will earn a profit of ₹2.24 lakh on your investment.
(Post Office FD)
Post Office RD (Recurring Deposit)
In the Post Office RD, you can invest ₹8,400 per month and earn an interest rate of 6.7%.
Over 5 years, your total investment will be ₹5,04,000, and on maturity, you will get ₹5,99,474.
This means a profit of ₹95,474 on your total investment.
(Post Office RD)
Post Office NSC (National Savings Certificate)
- The National Savings Certificate (NSC) is another excellent Post Office scheme.
- It offers a 7.7% interest rate, which provides strong returns.
- If you invest ₹5 lakh in the NSC, you will get ₹7,24,517 on maturity.
- This means a profit of about ₹2.24 lakh.
(Post Office NSC)
Post Office SCSS (Senior Citizen Savings Scheme)
- If you are a senior citizen, you can invest in the Senior Citizen Savings Scheme (SCSS) offered by the Post Office.
- This scheme provides a high interest rate of 8.2%.
- If you invest ₹5 lakh for 5 years, you will get a maturity amount of ₹7,05,000, earning a profit of ₹2.05 lakh.
(Post Office SCSS)
In conclusion, if you are planning to invest your hard-earned money for 5 years, Post Office schemes like FD, NSC, RD, and SCSS are safe and profitable options. Among these, FD and NSC currently offer the highest returns with around ₹2.24 lakh profit on ₹5 lakh investment.