Post Office TD: Rs 1 Lakh Becomes Rs 1.45 Lakh in 5 Yrs with 7.5% Interest

• Post Office Time Deposit (TD) offers financial services, often with higher interest rates than bank FDs.
• Current interest rates include 6.9% for 1-year, 7.0% for 2-year, and 7.5% for 3 and 5-year deposits.
• A Rs 1 lakh investment in a 5-year TD at 7.5% yields Rs 1,44,995 at maturity.
• Minimum investment is Rs 1,000, with no maximum limit, and joint accounts are permitted.
• The scheme offers a 100% government guarantee and provides the same interest rate to all investors, regardless of age.

Why It Matters: Post Office Time Deposits offer higher, government-guaranteed returns than bank FDs.