How much will you get in 5 years if you deposit 50,000 in the post office..

For investment for a maximum period of 5 years, Post Office Time Deposit Scheme, also known as TD Scheme, is a safe and reliable investment option that gives you guaranteed interest and returns. In the Post Office TD Scheme, you can deposit money for 1 year to 5 years.

In this post, we will know how much will you get in 5 years if you deposit 50,000 in the post office, and how its interest is calculated -

How much will you get in 5 years if you deposit 50,000 in the post office

Currently 7.5% annual interest is being given on the 5-year TD scheme of the post office. So according to this, if you deposit Rs 50,000 for 5 years, you will get a total of Rs 72,497. This includes the deposit amount as well as interest amount of Rs 22,497.

(TD) Time Deposit Scheme Interest Rates 2024 -

FD Time Interest Rates, As per Time

6.90% p.a. on 1 year

7.00% p.a. on 2 years

7.00% p.a. on 3 years

7.50% p.a. on 5 years

How much interest will be received on FD of 50000?

At present, the interest rate on FD for 1 year in the post office is 6.9 percent per annum. So according to this, you will get Rs 7081 interest on 50000 in 1 year.

What is time deposit in post office?

You can look at this scheme as a fixed deposit i.e. FD. In the post office, you can deposit money for 1, 2, 3, 4 and 5 years under this scheme. In this, you get to see safe and fixed interest rates.

Important rules of National Savings Time Deposit Account -

Any Indian citizen above the age of 10 years can open this account.

For a minor, the guardian can open the account.

A person can open one or more accounts.

Joint accounts can also be opened.

The minimum deposit amount is ₹1000.

The deposit amount should be in multiples of ₹100.

The deposit amount can be deposited by check, demand draft, or cash.

The interest rate varies on a quarterly basis.

The interest depends on the deposit amount and deposit period.

The minimum deposit period is 1 year.

The maximum deposit period is 5 years.

The deposit amount cannot be withdrawn during the deposit period.

There may be some other rules as well. Make sure to get all the information before opening an account and investing.

In how many years does a post office fixed deposit double?

Your money in FD will double in about 10.43 years. Note that the real interest rate may change slightly, so the exact doubling time may also vary slightly.