Skip to main content

How to Verify Property Legality Before Buying – Avoid Scams and Legal Issues

Post a Comment

Earn Triple Returns with Post Office Fixed Deposit Scheme

To maximize your returns, you need to invest Rs. 10 lakh in the Post Office Time Deposit Scheme for five years. By strategically extending the investment period, you can earn up to three times your initial amount. Let's explore how and when to extend your FD to achieve the best returns.

Secure High Returns Without Market Risks

Everyone desires high returns on their investments. While multiple investment options are available, if you want a risk-free investment, the Post Office FD scheme is an excellent choice. However, certain guidelines must be followed to maximize returns.

Earn Rs. 20 Lakh Interest on a Rs. 10 Lakh FD

To begin, invest Rs. 10 lakh in the Post Office Time Deposit Scheme for five years. By correctly extending the investment, you can triple your returns. Here’s how and when you should extend it to maximize gains.

Extend FD for 15 Years

After the initial five-year investment period, you must extend your FD for another five years, followed by a second extension for another five years. This means you will renew your FD twice over a total investment period of 15 years.

How to Earn Rs. 20 Lakh in Interest

  • The scheme offers an interest rate of 7.5% per annum.
  • After five years, the Rs. 10 lakh investment will generate Rs. 4,49,948 in interest, accumulating a total fund of Rs. 14,49,948.
  • Extend the FD for another five years, and after ten years, your investment will grow to Rs. 21,02,349, including Rs. 11,02,349 in interest.
  • Extend it again for another five years, and after 15 years, the accumulated interest alone will be around Rs. 20,48,297.
  • By the end of 15 years, your total corpus will be Rs. 30,48,297.

When to Extend Your FD

  • If you have a one-year FD, it should be extended within six months from the maturity date.
  • For a two-year FD, extend it within 12 months from maturity.
  • For three- to five-year FDs, extend it within 18 months from the maturity date.

To extend your FD, you must notify the Post Office within the required period. Following this investment strategy ensures safe and high returns, making it an excellent long-term wealth-building option.

Comments

Post a Comment

Popular

Electricity Bill: Does Placing a Magnet on the Meter Reduce the Bill? Know the Truth, Law, and Risks

In today’s world, electricity has become a vital part of our lives. From mobile chargers to washing machines, fans, air conditioners, and kitchen appliances—we rely on electricity for almost everything. But as our dependence on electricity increases, the monthly electricity bill is becoming a growing burden for many families. Across India, millions of people are troubled by rising electricity bills. On social media, reels, and YouTube videos, many creators showcase 'tricks' or 'jugaads' to reduce electricity bills. One such common method is placing a magnet on the electricity meter . Some claim that doing so slows down the meter's reading and reduces the bill. But is this claim true? Can you really trick the electricity meter using a magnet? And if someone tries this, what are the legal and technical consequences? Let’s find out the truth behind this entire issue. The Reality Behind Placing a Magnet on the Electricity Meter How does an electricity meter work? ...
Post a Comment
Read more

Happy Rajput: The inspiring young brand ambassador of Dream Mission

Happy Rajput , also known as Happy, is a young and inspiring individual from Ratia, Fatehabad, Haryana. He was born on December 13, 2003, and currently resides in his hometown, V.P.O Jallopur Ratia, Fatehabad. Despite his young age, Happy has already made a significant impact on society as the brand ambassador of  Dream Mission . Dream Mission is an organization dedicated to empowering the youth to achieve their dreams. As a brand ambassador, Happy plays a crucial role in promoting the mission's objectives and spreading awareness about its various initiatives and programs. His dedication and hard work have earned him widespread recognition and respect in the industry. In addition to his work as a brand ambassador, Happy is also pursuing a diploma in electrical engineering. He believes that education is crucial to achieving success in life and encourages young people to prioritize their studies. Despite his busy schedule, Happy manages to find time for his hobbies, including playing...
Post a Comment
Read more

Multi-talented VFX Artist K. Vamshi Changing Lives With Dream Mission

K.Vamshi , professionally known as Prince, is a multi-talented individual who excels in various fields, including art, creativity, drawing, editing, VFX creation, and business coaching. Born on July 30, 2005, in Hyderabad, he hails from the town of Bahadurpur in Telangana. As a Hindu by religion, Vamshi takes pride in his cultural heritage. Vamshi's passion for art and creativity developed at a young age. He demonstrated exceptional skills and a keen eye for detail, which led him to excel in drawing and editing. With a natural talent for visual effects (VFX) creation, he has become proficient in crafting stunning visuals that captivate audiences. His artistic endeavors have gained recognition and admiration from both peers and professionals in the industry. In addition to his artistic pursuits, Vamshi has ventured into the field of business coaching. Leveraging his extensive knowledge and experience, he guides aspiring entrepreneurs and helps them navigate the complexities of start...
Post a Comment
Read more