Tue, Dec 10, 2024
Post Office Fixed Deposit (FD) and Post Office Recurring Deposit (RD) are popular investment options for those who want safe and risk-free returns. These schemes are not linked to the market, so your returns are guaranteed. In FD, one can invest a lump sum amount at once, while in RD, individuals can deposit money every month. Both are great options, but over the long term, Post Office FD tends to give better returns. Let’s understand why FD is a more profitable choice for long-term investments.
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Sat, Oct 26, 2024
Are you considering investing your money in 5-year fixed deposits? If so, be sure to compare the interest rates for regular customers and senior citizens at leading banks such as SBI, PNB, HDFC Bank, ICICI Bank, and the Post Office, so you can make an informed investment choice.
Fri, Oct 25, 2024
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.
Mon, Aug 26, 2024
Post Office RD vs Post Office FD: Did you know that you can open fixed deposit (FD) as well as recurring deposit (RD) accounts at the post office? Both instruments - the post office FD and the post office RD - are considered low-risk and offer guaranteed returns. A fixed deposit (FD) and a recurring deposit (RD) are both types of savings accounts, but they serve different purposes and have distinct features. While FD requires a lump sum deposit upfront, RD involves periodic (typically monthly) deposits. FD is suitable for those with a one-time lump sum to invest, while RD is ideal for those who prefer to save a fixed amount regularly. In this article, learn with examples the key differences between FD and RD returns at the post office.
Thu, Jul 25, 2024
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.
Understanding Post Office FD Rate: The Post Office Time Deposit Account (TD) is a fixed deposit scheme available at post offices across India. It offers quarterly compounding of interest with annual payouts. Currently, it offers four maturity options ranging from one to five years, with annual returns between 6.9 per cent and 7.5 per cent calculated quarterly. The account requires a minimum investment of Rs 1,000, with no upper limit, in multiples of Rs 100. For example, amounts like Rs 1,100 and Rs 9,900 are accepted, but not Rs 1,110 and Rs 9,990.
Tue, Jul 16, 2024
Post office FD offers 1-year, 2-year, 3-year, and 5-year FDs at different interest rates. The 5-year FD provides income tax benefits up to Rs 1.50 lakh in a financial year.
Tue, Jul 09, 2024
National Savings Time Deposit Account (TD), or post office TD, runs a total of four FD schemes with different interest rates. Interest rates for 1-, 2-, 3-, and 5-year FDs are 6.9 per cent, 7.0 per cent, 7.1 per cent, and 7.5 per cent, respectively.
Wed, Jun 26, 2024
Post offices, banks, and small finance banks run FD schemes of different durations. The post office FD is also known as National Savings Time Deposit Account (TD). The scheme offers 1-year, 2-year, 3-year, and 5-year FDs.
Mon, May 27, 2024
Post Office Time Deposit Account (TD): Post Office Term Deposit is also known as post office FD. The 5-year FD provides an interest rate of 7.5 per cent. The 5-year FD is unique as it also provides tax benefits on deposits of up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act. Since it's a non-market-linked small savings scheme, not only does it provide interest, but it can also help diversify your portfolio.
Fri, May 10, 2024
Post Office runs a lot of small savings schemes that provide guaranteed returns in the form of interest rates. Investors seeking non-market-linked returns invest in post office schemes.
Fri, May 03, 2024
The five-year FD provides a tax exemption of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax Act. On the other hand, mutual funds are market-linked programmes where funds invest their money in equities, debts, corporate bonds, and government securities.
Mon, Apr 29, 2024
FD Vs NSC Post Office Schemes: Like banks, many types of schemes are run by the post office, in which, one can get good guaranteed returns. Know about two such schemes which provide good interest along with tax benefits.
Wed, Apr 24, 2024
If you invest in Post Office Time Deposit Scheme, you can more than double your investment, but for this, you will have to invest your amount for five years and then extend it. An important benefit of investing in the five-year post office FD is also to get tax benefits of up to Rs 1.50 lakh on deposits.
Wed, Apr 17, 2024
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.
Sat, Apr 06, 2024
Post office runs FDs of various durations- one-year, two-year, three-year and five-year. Though all of them provide guaranteed return not all of them provide income tax relaxation on deposits up to Rs 1.50 lakh under Section 80C of the Income Tax Act, 1961. Five-year FD (Post Office FD) is the only FD that provides tax relaxation up to Rs 1.50 lakh on deposits.
Mon, Apr 01, 2024
National Saving Time Desposit Account (TD), or Post Office FD, is a one-time investment guaranteed return scheme where one gets returns in the form of interest. Post office runs FDs of one-, two-three- and five-year durations. The five-year FD is also known as income tax saving FD as it provides tax relxation of up to Rs 1.50 lakh under Section 80C of the Income Tax Act.
Thu, Jan 04, 2024
Post Office Fixed Deposit (FD), also known as Post Office Time Deposit Account, and Post Office Recurring Deposit (RD) are two popular schemes for people seeking risk-free investment options. These two Post Office schemes are not market-linked and provide guaranteed returns to investors. While one can invest a lump sum amount in an FD, they can invest monthly amount in an RD. However, in the long term, Post Office FD will be a profitable option. Know how.
Fri, Aug 18, 2023
Both Post Office and bank FDs offer income tax benefits u/s 80C. Here’s a comparison between benefits and returns on Post Office and bank FDs. You should also consider a few factors like tenure and interest rates while deciding between the two.
Thu, Jun 02, 2022
Post Office Monthly Income Scheme (Post Office MIS) is a government small savings scheme, which gives investors an opportunity to earn a fixed amount every month. Market volatility has no effect on this investment. Being a post office scheme, your money remains safe. This is a 5 years scheme, which can be extended further for 5-5 years.
Tue, Apr 19, 2022
POST OFFICE TIME DEPOSIT is one of the most famous investment scheme offered by India Post to the general public. This is very effective for such areas of India where bank or investment options are less. The minimum investment amount is 1,000 rupees.
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