reserve Bank of India (RBI) This year has cut the repo rate by 0.50 percent. This cut has been done twice. The RBI first cut the repo rate by 0.25 percent in February, and then in April also reduced by 0.25 percent. After which the repo rate has now come from 6.50 percent to 6.00 percent. After the RBI reduced the repo rate, all banks also cut the interest rates of FD. However, the post office is still giving bumper interest to its customers as before. Today we will know here that if you deposit 2 lakh rupees in the 2 -year FD in the post office in the name of wife, then how much will be available on maturity.
7.00 percent interest is available at 2 -year TD
In the post office, FD is known as TD i.e. Time Deposit. The post office TD is exactly like FD, where you get a fixed return after a fixed time. The post office is giving interest to its customers from 6.9 percent to 7.5 percent on TD (Time Deposit) accounts. In the post office, an interest of 6.90 percent on 1 year TD, 7.0 percent on 2 years TD, 7.1 percent on TD of 3 years and 7.5 percent on 5 years TD. Let us tell you that the post office gives equal interest to all its customers, no matter what they are.
If you deposit Rs 2,00,000, you will get a fixed interest of Rs 29,776
If you invest Rs 2 lakh in a 2 -year TD scheme in the post office in the name of your wife, then a total of Rs 2,29,776 will be received in your wife’s account on maturity. These include a guaranteed interest of Rs 29,776, in addition to Rs 2,00,000 deposited by you. The post office works under the central government and its functioning is directly controlled by the government. This is the reason why every rupee to be deposited in the post office is completely safe.
Disclaimer: This article has been written only for the purpose of information. Before any type of investment or before taking financial risks, consult your financial advisor. India TV will not be responsible for any type of risk.
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