Post Office Time Deposit: Earn 45,000 Interest on 1 Lakh Investment!

• Post Office Time Deposit Scheme offers risk-free, stable income with government backing.
• Similar to bank FDs, it allows lump sum deposits for fixed periods (1, 2, 3, or 5 years).
• Current interest rates range from 6.9% to 7.5%, with 5-year deposits earning the highest.
• Interest is compounded quarterly, leading to higher returns; 1 lakh for 5 years yields 44,995 interest.
• 5-year investments are eligible for tax deductions under Section 80C of the Income Tax Act.