Post Office FD: What return you will get on Rs 5 lakh investments in 1-, 2-. 3- and 5-year FDs

Post Office runs a lot of small savings schemes that help investors get a guaranteed return on their savings. These schemes provide a fixed interest rate that helps people get either a fixed income at maturity or in the form of monthly, quarterly, or annual payments. Post Office FD, also known as National Savings Time Deposit Account (TD), is one such scheme where the investor invests a lump sum amount in the beginning and gets the maturity amount at the end of the duration.

Shaghil Bilali | Apr 17, 2024, 03:04 PM IST

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Post Office FD: Post Office fixed deposit (FD) schemes are quite popular among investors as they provide them an opportunity to invest a lump sum amount and get guaranteed returns on it. One gets the maturity amount at the end of the FD's duration. Post office runs 1-year, 2-year, 3-year, and 5-year FD schemes. The interest rates in these schemes are: 6.90% in the 1-year FD, 7.00% in the 2-year FD, 7.10% in the 3-year FD, and 7.50% in the 5-year FD. Deposits up to Rs 1.50 lakh in a 5-year FD are tax-exempt under Section 80C of the Income Tax Act.

Here's what you will get on a Rs 5 lakh investment each in 1-, 2-, 3-, and 5-year FDs.

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Return in 1-year FD

Return in 1-year FD
Since 1-year FD provides an interest rate of 6.90%, on a Rs 5 lakh investment, you will get Rs 35,403 as interest and your maturity amount will be Rs 535,403.

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Return in 2-year FD

Return in 2-year FD
A 2-year FD provides you an interest rate of 7.00%. So, on a Rs 5 lakh investment, you will get Rs 74,441 as interest and your maturity amount will be Rs 574,441.

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Return in 3-year FD

Return in 3-year FD
The interest rate in the post office's 3-year FD is 7.10%. Therefore, on a Rs 5 lakh investment, you will get Rs 1,17,538 as interest and your maturity amount will be Rs 6,17,538.

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Return in 5-year FD

Return in 5-year FD
The 5-year FD provides the highest return at 7.50%. So, on a Rs 5 lakh investment, you will get Rs 2,24,974 and your maturity amount will be Rs 7,24,974.

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Post Office FD: What return you will get on Rs 5 lakh investments in 1-, 2-. 3- and 5-year FDs

Return in 1-year FD

Return in 1-year FD Since 1-year FD provides an interest rate of 6.90%, on a Rs 5 lakh investment, you will get Rs 35,403 as interest and your maturity amount will be Rs 535,403.

Return in 2-year FD

Return in 2-year FD A 2-year FD provides you an interest rate of 7.00%. So, on a Rs 5 lakh investment, you will get Rs 74,441 as interest and your maturity amount will be Rs 574,441.

Return in 3-year FD

Return in 3-year FD The interest rate in the post office's 3-year FD is 7.10%. Therefore, on a Rs 5 lakh investment, you will get Rs 1,17,538 as interest and your maturity amount will be Rs 6,17,538.

Return in 5-year FD

Return in 5-year FD The 5-year FD provides the highest return at 7.50%. So, on a Rs 5 lakh investment, you will get Rs 2,24,974 and your maturity amount will be Rs 7,24,974.

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Return in 1-year FD
Since 1-year FD provides an interest rate of 6.90%, on a Rs 5 lakh investment, you will get Rs 35,403 as interest and your maturity amount will be Rs 535,403.

Return in 2-year FD
A 2-year FD provides you an interest rate of 7.00%. So, on a Rs 5 lakh investment, you will get Rs 74,441 as interest and your maturity amount will be Rs 574,441.

Return in 3-year FD
The interest rate in the post office's 3-year FD is 7.10%. Therefore, on a Rs 5 lakh investment, you will get Rs 1,17,538 as interest and your maturity amount will be Rs 6,17,538.

Return in 5-year FD
The 5-year FD provides the highest return at 7.50%. So, on a Rs 5 lakh investment, you will get Rs 2,24,974 and your maturity amount will be Rs 7,24,974.