Up to 7.5% interest in Post Office Time Deposit Account:Can invest for 1 to 5 years; get all details here

The government has not made any changes to the interest rates of Small Saving Schemes for the April-June quarter (Q1FY27). This means you will continue to receive the same interest as before. If you are planning to make a fixed deposit these days, then before that you should also know about the Post Office’s National Savings Time Deposit Account. 7.5% interest is being offered on a 5-year Fixed Deposit (FD) Here we are telling you about the Post Office’s National Savings Time Deposit Scheme: Minimum ₹1,000 investment in National Savings Time Deposit Account Where and in how much time will the money double? National Savings Time Deposit Account is offering a maximum interest of 7.5%, so according to Rule 72, if you invest money in this scheme, it will take approximately 9 years and 6 months for the money to double. What is the Rule of 72? This is a special rule of finance – Rule of 72. Experts consider it the most accurate rule, which determines how long it will take for your investment to double. You can understand it like this: if you have chosen a special scheme of a bank where you get 8% annual interest, then under the Rule of 72, you need to divide 72 by 8. 72/8 = 9 years, meaning under this scheme your money will double in 9 years. Tax exemption benefit available on investing for 5 years By investing in the Time Deposit Scheme for 5 years, you can avail tax exemption benefits under Section 80C of the Income Tax Act 1961. Under this, you can get income tax exemption on investments up to ₹1.50 lakh. This means this earning is deducted from your total annual income. However, this benefit is available only when you file ITR under the old income tax regime. Who can open an account? Anyone can open this account at any post office: