This Post Office scheme can help you turn Rs 5 lakh investment into Rs 15 lakh in 15 years
Post Office savings scheme: Under fixed deposit scheme, investors can park their money in one time for five years and can get better interest than banks.
ZeeBiz WebTeam | Jul 25, 2024, 09:57 PM IST
Every investor wants to increase their savings that too on zero risk. They also look for tax benefits along with good returns. Various Post Office investment schemes have tax benefits under Section 80C and other sections.
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Post Office savings scheme with guaranteed returns
![Post Office savings scheme with guaranteed returns Post Office savings scheme with guaranteed returns](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306774-rupee-45052001280.jpg)
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Post Office term deposit (TD) or fixed deposit (FD)
![Post Office term deposit (TD) or fixed deposit (FD) Post Office term deposit (TD) or fixed deposit (FD)](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306775-screenshot-2024-06-20-222419.png)
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How can you turn a Rs 5 lakh investment into Rs 15 lakh? And how much time will it take?
![How can you turn a Rs 5 lakh investment into Rs 15 lakh? And how much time will it take? How can you turn a Rs 5 lakh investment into Rs 15 lakh? And how much time will it take?](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306776-screenshot-2024-03-15-141417.png)
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Current interest rate
![Current interest rate Current interest rate](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306779-14.jpg)
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What will be the value now?
![What will be the value now? What will be the value now?](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306781-18.jpg)
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Rs 5 lakh turns into Rs 15 lakh
![Rs 5 lakh turns into Rs 15 lakh Rs 5 lakh turns into Rs 15 lakh](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306782-20.png)