Post Office Scheme: TD account can be opened in the post office for 4 different periods. TD can be done in the post office for 1 year, 2 years, 3 years and 5 years.
Post Office FD Calculator: Many different kinds of financial services are offered alongside postal services by the post office. FD accounts can also be opened at the post office alongside savings accounts. Time Deposit, FD in the post office is TD. Like the FD of banks, post office TD offers a set amount at a set period. To save taxes, many citizens in the nation open savings accounts under the name of their wife. Apart from this, ladies in other families establish savings accounts under different names. Today we will discover here that how much money would be obtained on maturity if you deposit Rs 2 lakh in the name of wife in a 2-year TD (FD) at the post office?
7.0 percent interest is being given on 2 year TD in the post office
One can open a TD account in the post office for four distinct times. Post offices allow TD for one year, two years, three years, five years. Customers of the post office show a remarkable interest of 6.9% on one year TD, 7.0% on two year TD, 7.1% on three year TD and 7.5% on five year TD. Let us inform you the post office’s TD scheme allows at least Rs 1000 for deposit. Though maximum deposit in it is not limited. This strategy lets you deposit as much money as you desire.
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If you deposit Rs 2 lakh, how much money will you get on maturity
Every kind of consumer shows the same curiosity about the post office. Now whether it is a male or a woman, a regular person or a senior citizen, the post office treats everyone equally. Should you make a Rs 2,00,000 deposit into a 2-year TD (FD) under your wife’s post office name, on maturity the complete amount will show up in her account. This comprises your investment of Rs 2,00,000 as well as Rs 29,776 of interest. Customers on the post office TD program also get a fixed interest with guarantee, in which case there is no kind of up-down.
