Post Office FD: A safe investment that offers additional benefits with higher interest rates

Post Office FD: A safe investment that offers additional benefits with higher interest rates
post-office-fd-investment-scheme-indian-government

Investing in the post office is always a safe and profitable investment. Those who want to make a good profit can invest in a fixed deposit at the post office. By investing in a Post Office FD (Post office FD) account, you will get many benefits.

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In this, you will get government guarantee along with good profit. In this, you will get interest facility on quarterly basis (Post Office FD interest rate 2021). It is very easy to start an FD account at the Post Office. The India Post has reported this information on its website. You can open an FD account for 1,2, 3, 5 years at the post office.

post-office-fd-investment-scheme-indian-government

List benefits of this program

  1. Government of India guarantees you FD account at the post office.
  2. The money of the investors is completely safe.
  3. Investment in FD account can be done offline (cash, check) or online (Net Banking / Mobile Banking).
  4. You can start more than one FD account.
  5. Apart from this, the FD account may also be collective.
  6. In this, you get income tax deduction by investing in a fixed deposit for 5 years.
  7. You can easily transfer FD account from one post office to another post office.

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To open an FD account at the post office, you can pay by check or open an account by paying cash. Of this, the minimum investment is Rs.1000. There is no limit to the maximum amount. The FD account earns 5.50 per cent interest for 7 days to one year. The same interest rate applies to FD accounts ranging from 1 year to 1 day to 2 years. At the same time, 6.70 per cent interest is available for 3 years to 5 years. I mean, here you will get good return on FD investment.