Mon, Feb 05, 2024
National Savings Time Deposit Account: Post Office Time Deposit, i.e. National Savings Time Deposit Account, is a scheme run by the Post Office that offers guaranteed returns. The account can be opened with a minimum investment of Rs 1000 and in multiple of Rs 100. There is no maximum limit on investment. The 5-year plan under the scheme offers an interest rate of 7.5 per cent. The 5-year plan also offers you a tax exemption of up to Rs 1.50 lakh under Section 80C of the Income Tax Act. Know what you will get in this Post Office scheme with Rs 10 lakh investment for different durations.
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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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