Putting resources into the post office can be a fulfilling and safe venture. Assuming you wish to get more cash-flow, you can place your cash in fixed deposit accounts at the post office. You can acquire a ton of additional advantages by putting a FD (fixed deposit) at the mail center.
This will furnish you with an administration ensure alongside great returns. On a quarterly premise, you will get revenue (Post Office FD Interest Rate 2022).
Getting FD at the post office is additionally genuinely straightforward. This data is accessible on India Post’s site. As indicated by this data, you can get FDs from the post office for 1, 2, 3, or 5 years. Look at the advantages accessible under this plan.
- Making a FD in the post office is ensured by the Indian government.
- The investors’ cash is supposed to be totally protected here.
- FDs can be made either offline (money, check) or online (net banking/mobile banking) for this situation..
- One can make more than 1 FD.
- Other than that, FD accounts can be made in a joint account.
- If you set aside a proper installment for a long time, you will be excluded from charge when you document ITR.
- FD can be moved effectively starting with one post office then onto the next post office.
You can open an account at the post office with a money order or money. Accounts can be set aside with a minimum payment of Rs 1000.
Interest on FD
Under this plan, 5.50 percent premium is allowed on 7-day to one-year FDs. A similar interest rate is accessible on FDs with conditions going from one day to two years. FDs with a term of as long as three years can likewise procure interest at a pace of 5.50 percent. Based on FDs with conditions going from three years and one day to five years, one can acquire 6.70 percent premium.
