Post Office TD Calculator: How much will you get on maturity if you invest Rs 1 lakh, Rs 2 lakh, Rs 3 lakh, Rs 4 lakh, and Rs 5 lakh for 10 years; check here
Post Office savings schemes include Recurring Deposit Account (RD), Sukanya Samriddhi Account (SSA), Kisan Vikas Patra (KVP), Mahila Samman Savings Certificate, National Savings Time Deposit Account(TD) and others.
Post Office provides several savings schemes with guaranteed returns.
What are Post Office savings schemes?
These schemes include Recurring Deposit Account (RD), Sukanya Samriddhi Account (SSA), Kisan Vikas Patra (KVP), Mahila Samman Savings Certificate, National Savings Time Deposit Account(TD) and others.
How much you can get on Rs 1 lakh to Rs 5 lakh investment in the TD scheme
In this article, we will calculate how much you can get on Rs 1 lakh to Rs 5 lakh investment in the TD scheme.
What is the TD scheme?
TD or term deposit is a low-risk investment option. This is done for fixed tenure ranging from one to five years.
What is the interest rate on TD?
The interest rate on TD is 7.5 per cent for five years fixed deposit.
Note: On maturity, the depositor may further extend the TD account for another tenure for which the account was initially opened as TD tenure is 5 years.
Return on Rs 1 lakh investment
If you deposit Rs 1,00,000 for 10 years, you will get Rs 1,10,235 as interest and the maturity amount will be Rs 2,10,235.
Return on Rs 2 lakh investment
If you deposit Rs 2,00,000 for 10 years, you will get Rs 2,20,470 as interest and the maturity amount will be Rs 4,20,470.
Return on Rs 3 lakh investment
If you deposit Rs 3,00,000 for 10 years, you will get Rs 3,30,705 as interest and the maturity amount will be Rs 6,30,705.
Return on Rs 4 lakh investment
If you deposit Rs 4,00,000 for 10 years, you will get Rs 4,40,940 as interest and the maturity amount will be Rs 8,40,940.
Return on Rs 5 lakh investment
If you deposit Rs 5,00,000 for 10 years, you will get Rs 5,51,175 as interest and the maturity amount will be Rs 10,51,175.