Post Office FD: How much return would you get at maturity if you make an FD of ₹ 1 lakh for 1, 2, 3, and 5 years? comprehend the computations

Post Office FD: How much return would you get at maturity if you make an FD of ₹ 1 lakh for 1, 2, 3, and 5 years? comprehend the computations

Post Office FD: How much return would you get at maturity if you make an FD of ₹ 1 lakh for 1, 2, 3, and 5 years? comprehend the computations

Interest rates on time deposits are available from India Post at 6.9 percent for a year, 7.1 percent for two, 7.1 percent for three, and 7.5 percent for five years.

A time deposit program offered by the Post Office Savings Scheme is also known as an FD program. Customers may make time deposits at the post office for one, two, three, or five years. Interest rates on time deposits are now available from India Post at 6.9 percent for a year, 7.1 percent for two, 7.1 percent for three, and 7.5 percent for five years. If you want to invest Rs 1 lakh in these various times in such a scenario, you can readily understand the returns.

a year's worth of timely deposit returns

The GROW calculator estimates that if you deposit Rs 1 lakh in the Post Office Time Deposit Scheme for a year, you would get a total of Rs 1,07,081 at maturity at an interest rate of 6.9 percent. You would get Rs 7,081 as interest from this.

Two-year deposit return on schedule

The calculator shows that if you put Rs 1 lakh in a two-year time deposit plan, you would get a total of Rs 1,14,888 at maturity at a 7 percent interest rate. You will get Rs 14,888 as interest on this entire amount.

Three-year deposit return on schedule

At an interest rate of 7.1 percent, you may put Rs 1 lakh in a 3-year post office time deposit or fixed deposit program and get a total of Rs 1,23,508 at maturity. You will get Rs 23,508 as interest or a return on this.

Five years of timely deposit returns

Grow Collector estimates that if you invest Rs 1 lakh now in this longest duration time deposit program for 5 years, you would get a total of Rs 1,44,995 at maturity at the rate of 7.5 percent interest. You will get interest on this return of Rs 44,995.