FD Interest Rates : The Reserve Bank of India (RBI) has lowered the repo rate by 0.25%. This is the fourth time this year that the repo rate has been cut, bringing the total drop to 1.25% by 2025. This decision by the RBI had the largest impact on bank fixed deposits (FDs), forcing several banks to lower interest rates. At a time when bank FD returns are constantly dropping, the post office continues to give its consumers substantial interest rates.
This is why post office savings accounts are once again a popular choice among investors. This post office initiative offers a guaranteed interest rate of ₹89,990 for a deposit of just ₹200,000 in a joint account. There is no market risk involved.
FD Interest Rates : Post Office TD Scheme, Interest up to 7.5%, much better than banks.
Time Deposit (TD) accounts at the Post Office are available for one, two, three, and five years. The current interest rates are as follows:
- 1 year – 6.9%
- Two years – 7.0%
- Three years – 7.1%
- 5 years – 7.5%
The most appealing choice is the 5-year TD program, which provides a generous 7.5% interest rate. Its distinguishing feature is that it can be opened as either a single or joint account. A joint account can accommodate up to three people.
This interest rate is much higher than banks, as no major bank now gives 7.5% interest on 5-year fixed deposits. People of all ages receive the same interest rate under the Post Office system, whereas banks only pay additional interest to senior persons.
Depositing ₹2,00,000 earns you ₹89,990 in assured benefits.
If you and your wife deposit ₹2,00,000 in a joint account under the 5-year TD scheme, you will receive ₹2,89,990 at maturity.
This includes:
Principal: ₹2,00,000
Total interest: ₹89,990 (Fixed, Fixed Return).
This strategy protects your money while also providing larger returns than a bank. The Post Office TD scheme’s rewards are consistent regardless of market fluctuations or falling interest rates. If you deposit ₹2,00,000 in a joint account with your wife in the 5-year Post Office TD program, you would receive a total of ₹2,89,990 upon maturity. This includes a set interest of ₹89,990.
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