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Monday 1 June 2020

Investment of Rs 150 And will get you Rs 19 lakh....... Post office FD best plan ever for all bank and detail

Investment of Rs 150 And will get you Rs 19 lakh.

Recently, the country's largest bank SBI has cut interest on fixed deposits (FD) for the second time in the month of May itself. In such a situation, if you are looking for an investment option in which your money is safe and you also get good returns, then the post office time deposit scheme can prove to be the right option for you.

The interest rates on these schemes are reviewed by the government every three months. Whatever quarter you invest in post office time deposit, post office recurring deposit, post office monthly income scheme, National Savings Certificate (NSC) and Kisan Patra (KYP), the rate of interest at that time will remain throughout your plan period. However, the rate of interest on the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana will vary as the government changes.

Investment of Rs 150 And will get you Rs 19 lakh.
In this article, we have written the interest rates for October-December 2019.

Post office FD best plan ever for all bank and detail
Post office FD best plan ever for all bank and detail

Post office savings account

The account is similar to a bank savings account only in the post office

You can open only one account in a post office, which can be transferred from one post office to another.You can also open an account in the name of a minor. The interest rate is 4% and is taxed. Although income tax is not deductedHowever, under Section 80TTA of the Income Tax Act, 1961, the interest of your total savings account including post office savings interest is Rs 10,000. You can get taxis per yearPost Office Monthly Income Scheme (POMIS)This scheme guarantees you a monthly income if the investor invests lumsam.Any residential person can open a single or joint MIS account. A minor can also invest in it. If the minor is over 10 years of age, he can also operate the account




Post office FD best plan ever for all bank and detail














The minimum investment in a single holding account is Rs 1500. And a maximum of Rs 4.5 lakh. And the maximum limit in the joint account is 9 lakhs. is

The duration of the scheme is 5 years with monthly benefits at an annual 7.6% interest rate. Example: In the Suresh Post Office Monthly Income Scheme, Rs. 2 lakhs. Invest. He was given Rs. 1300 as interest for five years. See you every month. At the end of the plan period, they will get back the original investment. You can invest the monthly returns in a post office recurring deposit

An investor can also open more than one account but the total amount in all is Rs 4.5 lakh. Should not be more than Under this scheme you can also open a joint account without going beyond the investment limit. Example: Mr. 2 lakh in Suresh single account 2.5 lakhs by opening a joint account with his wife. Can invest

Under this scheme, the investor can withdraw his original investment after 1 year. But between 1 year to 3 years, the original investment will have to be paid as a penalty of 2% of the investment and after 3 years the withdrawal is 1%.

Accounts can be transferred from one post office to another across the country.

There is no major tax benefit in the plan. Income tax will also be charged on monthly interest. There is no TDS on interest and there is no wealth tax on investment. This scheme is offered to those investors who want to earn monthly income by investing even under risk.




Post Office Wrecking Deposit (RD)

The Post Office RD is a monthly investment plan that currently offers a 7.2% annual interest rate (the interest rate will change every three months) and the plan period is 5 years..You can continue the scheme every year even after completion of the plan period in five years.Investor in post office RD account Rs. 10 Can invest up to a month. There is no maximum investment limit.Two adult joint accounts can also be opened. An account can also be opened in the name of a minor. Can open more than one account

If you miss investing monthly then you will get Rs. But will have to pay a fine of 5 paise,You can withdraw 50% of the investment after one year,There is no TDS on RD either way. However, according to the tax slab of each person, the earnings from RD are taxed. This is the best investment option for all those investors who want a monthly profit by investing without risk.


According to India Post, in the case of checks, the account will be considered open from the date of the receipt of the check amount in the government's account.This account can also be opened in the name of a minor and a joint account in the name of two adults.For opening a post office FD account, a minimum deposit of Rs 1000 is required. There is no maximum limit.The post office time deposit account offers interest rates ranging from 5.5 to 6.7 percent for a period ranging from 1 to 5 years.
Under this scheme, interest is paid on an annual basis, but it is calculated every quarter.According to India Post's website, the interest rates are as follows.

Investment for 5 years gets tax rebate benefits,The interest from this scheme is taxable and it adds to the annual income of the person who has invested in it. According to the official website of India Post, one can avail of tax exemption under Section 80C of the Income Tax Act, 1961 for investing under a deposit of 5 years. For more information, visit this website