New Delhi: Post Office gives higher fixed deposit interest rates to depositors than most of the banks in the country. Post Office FD rates for 3 years are currently 7.1 per cent. One can easily find out how much corpus one would get if one invests in a post office time deposit for a set period of time. Let’s see how much interest amount and maturity benefits an individual can get on investment of Rs 1 lakh, Rs 2 lakh, and Rs 3 lakh in a post office time deposit of 3 years.
Post Office FD Calculator
We used the Post Office FD Calculator to find out how much corpus you can generate if you invest different principal amounts for a set period of time like that of three years.
Post Office FD returns on Rs 1 lakh investment for 3 years
Principal: Rs 1,00,000
Tenure: 3 years
Interest Rate: 7.1%
What the Post Office FD Calculator showed:
Maturity Amount: Rs 1,21,300
Interest Amount: Rs 21,300
So, in just three years time, you would earn interest of Rs 21,300.
Post Office FD Calculator: How much will you earn on Rs 2 lakh deposit
Capital: Rs 2,00,000
Time Period: 3 years
RoI: 7.1%
After calculation, here is the massive amount the investor would get:
Maturity Amount: Rs 2,42,600
Interest Earned: Rs 42,600
On doubling the principal to Rs 2 lakh, you would earn double the interest within the same time period.
Post Office FD returns on Rs 3 lakh investment
Principal: Rs 3,00,000
Tenure: 3 years
Interest Rate: 7.1%
After the Post Office FD Calculator does the mathematics, lets see how much the investor would get:
Maturity Value: Rs 3,63,900
Total Interest Earned: Rs 63,900
The depositor would get triple the interest amount than earlier! Now, lets check out how much interest rate can you get if you open a post office time deposit of other tenures.
Post Office FD Interest Rates 2024
Tenor
RoI (%)
1 Year Time Deposit
6.9
2 Year Time Deposit
7
3 Year Time Deposit
7.1
5 Year Time Deposit
7.5
Currently, post office time deposits can be opened for 1 year, 2 year, 3 year and 5 year tenures!
Post Office FD Calculator shows how much will Rs 1 lakh principal become in 3 years at 7.10 per cent rate of interest. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
