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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.

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