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Time Deposit Scheme: This post office scheme will make you rich, you will get this much interest on depositing money for 5 years

The postmaster of the head post office at Purnia said that if any person wants to deposit money in a fixed account, he can deposit money for a minimum of one year and a maximum of five years.

If you deposit money for one year, then you will get 6.6 percent interest. 6.8 percent interest will be given on deposit for two years and 6.9 percent on deposit for three years.

Purnia. If you want good interest on your savings, then you come to the post office. This post office scheme will make you rich. Awadhesh Kumar Mehta, Postmaster of Head Post Office, Purnia, Bihar, said that one can get hefty interest by depositing money for at least one year and maximum five years under fixed deposit account ie time deposit.

Talking to News 18 Local, he said that customers should open an account by going to the nearest post office with necessary documents, Aadhaar card, PAN card and photo and cash or check book. After this, huge interest can be earned by depositing the deposited amount in your account under time deposit.

The postmaster said that if any person wants to deposit money in a fixed account, he can deposit money for at least one year and up to a maximum of five years. If you deposit money for one year, then you will get 6.6 percent interest.

On deposit for two years, 6.8 percent interest will be given and on deposit for three years, 6.9 percent interest will be given. Apart from this, if you deposit the amount for five years, you will get up to 7 percent interest on it.

Take care of these things in time deposit

He said that if you deposit money in time deposit, then definitely take care of these things. For example, under the time deposit, there is a lock-in period of six months, which means that you will not be able to withdraw money for the next six months. .

But, if a person withdraws money at his stipulated maturity time, then he will get the benefit of interest rate prescribed under time deposit.

Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @insuranceindiaain@gmail.com
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