Post Office Time Deposit Scheme offers a safe way to save and invest, with the added benefit of guaranteed returns. Time deposits ensure that your money grows steadily over time, with returns guaranteed by the government.
Tax Benefits: You can claim a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act.
1-year deposit: 6.8% per annum
2-year deposit: 6.9% per annum
5-year deposit: 7.5% per annum
