Post Office FD Returns: Calculate interest on Rs 2 lakh investment in 1-, 2-, 3- and 5-year FDs
Calculate the interest earned on a Rs 2 lakh Post Office FD for tenures of 1, 2, 3, and 5 years. Discover returns, interest rates, and tax-saving benefits of Post Office Term Deposits.
ZeeBiz WebTeam | Oct 25, 2024, 05:52 PM IST
Post Office Fixed Deposits (FDs) provide a secure investment option with varying interest rates for tenures of 1, 2, 3, and 5 years. With attractive returns and tax benefits, Post Office FDs offer a compelling choice for those seeking guaranteed returns. In this guide, we calculate the returns on a Rs 2 lakh investment across different tenures, providing a clear overview of interest rates and maturity amounts. Whether planning for short-term gains or long-term savings, Post Office FDs offer a reliable option.
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Overview of Post Office Term Deposits
- The post office offers a variety of savings schemes, including Fixed Deposits (FDs).
- Investors can choose from 1-year, 2-year, 3-year, and 5-year FD options, each with different interest rates.
- Here’s a breakdown of the returns you can expect on an investment of ₹ 2,00,000 across these tenures.
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Current Interest Rates on Post Office FDs
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1-Year FD: 6.9% interest rate
- 2-Year FD: 7.0% interest rate
- 3-Year FD: 7.1% interest rate
- 5-Year FD: 7.5% interest rate
1-Year FD: 6.9% interest rate
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Returns on Various Tenures
1. 5-Year FD Returns
- Interest Rate: 7.5%
- Tax Benefits: Eligible for tax deductions
- Interest Earned: Rs 89,990
- Maturity Amount: Rs 2,89,990
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Returns on Various Tenures
5-Year FD Returns
- Interest Rate: 7.5%
- Tax Benefits: Eligible for tax deductions
- Interest Earned: ₹ 89,990
- Maturity Amount: ₹ 2,89,990
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3-Year FD Returns
- Interest Rate: 7.1%
- Interest Earned: Rs 47,015
- Maturity Amount: Rs 2,47,015
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2-Year FD Returns
- Interest Rate: 7.0%
- Interest Earned: Rs 29,776
- Maturity Amount: Rs 2,29,776
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1-Year FD Returns
- Interest Rate: 6.9%
- Interest Earned: Rs 14,161
- Maturity Amount: Rs 2,14,161