Post Office FD: Invest Rs 1 Lakh, Get Rs 14,888 Interest in 2 Years!

• Post Office Time Deposit (TD) scheme offers guaranteed, risk-free returns, unlike market-based investments.
• An investment of Rs 1 lakh in a 2-year Post Office TD yields a total of Rs 1,14,888, including Rs 14,888 as interest.
• The interest rate for a 2-year TD is 7.0%; rates vary from 6.9% (1-year) to 7.5% (5-year).
• Minimum investment is Rs 1,000 with no upper limit; interest rates are uniform for all customers.
• While bank FDs may offer higher rates for senior citizens, Post Office TD rates are consistent for everyone.

Why It Matters: Post Office TD offers a safe, guaranteed 7.0% return, yielding Rs 14,888 interest on Rs 1 lakh in 2 years.