Ahmedabad : If people living in Gujarat want to invest their money then you can invest in Post Office Time Deposit Scheme. Additionally, you can get returns of more than Rs 7 lakh in a very short time.
According to the news, money can be invested in Post Office Time Deposit Scheme for 1 year, 2 years, 3 years and 5 years. You will get 6.9 percent interest rate on one year investment. Whereas if invested for two or three years, you will get 7 percent interest.
Whereas, if you invest your money for five years, you will get an interest rate of 7.5 percent. That means, if you invest Rs 5 lakh for five years, you will get interest of Rs 2,24,974 on this amount.
Let us tell you that after five years, on an investment of Rs 5 lakh, you will get a total amount of Rs 7,24,974 at the time of maturity. If you want to invest in this scheme then you can apply by going to any post office near you.