The Post Office Fixed Deposit helps the investor to attain financial stability and endowment within a fair time. These schemes get backed and operated by the Government, and it features no investment volatility. Investors can select the investment tenure per their specific investment objectives and between cumulative and non-cumulative returns.
Post Office Fixed Deposit offers ample cash liquidity, and investors can withdraw the corpus at any time, partially or fully, between the investment tenure. The best part about the Post Office FDs is that it fetches assured returns, and investors can easily calculate the return from investment using the Fixed Deposit calculator.
Investors are more aware of Banks and NBFCs, offering the fixed deposit account to individuals and organisations for different investment lengths. While looking for FDs, one gallant option to consider is the Post Office Fixed Deposit. It will help you to park your money at the right source to produce significant returns without encountering significant investment risk.
You can use the Fixed Deposit calculator to calculate your return at the end of the investment tenure. It will help you make more profitable investment decisions so that the corpus produces the best return.
You can select the investment tenure as per your financial plans.
One of the essential reasons to invest in the Fixed Deposit with Post Offices is that you can select the investment tenure per your financial plans. Are you saving for your retirement? If so, you can opt for long-term investment tenure that fetches you the best-fixed deposit rates in the post office.
The Fixed Deposit calculator will instantly help you calculate the assured return at the end of the investment tenure. On the other hand, if you are saving for specific purposes, you can select the investment tenure accordingly to produce a sufficient return to match your purpose.
You can opt for the cumulative or the non-cumulative payout.
Another reason to consider investing in the FDs with the Post Offices is that you can select between the cumulative and the non-cumulative payout per your financial standing and goals. You should opt for the cumulative payout if you invest in long-term plans. In this case, you cannot withdraw interest midway between the investment tenure.
Also Read : What Is An FD Interest Calculator & What Are Its Benefits?
At the maturity of the investment tenure, you will receive the corpus that will include the corpus and the interest earned. On the other hand, if you are searching for a regular income, you should opt for the non-cumulative payout.
In this case, you will keep receiving interest on the investment regularly. You can receive the interest in intervals of one month or three months. Investors need to link their bank accounts with their Post Office Fixed Deposit account for auto credit of the interest at fixed intervals.
Government-backed investment tool that entitles you to assured return
Post Office Fixed Deposits gets administered and backed by the Government; hence, it is risk-free to invest in these schemes. Investors prefer investing in the Post Office Fixed Deposit accounts as it fetches them assured returns. It suits investors who invest for their retirement or to achieve specific financial goals.
You can use the FD calculator and instantly calculate the amount receivable at the end of the investment tenure. The lack of investment volatility combined with the assured return at the end of the investment tenure excites investors to invest in post office FDs.
Post Office FDs offer ample liquidity
It deserves a special mention that Post Office FDS offers ample liquidity to investors. They can withdraw the corpus completely or p[partially at any time between the investment tenure. Thus, you need not compromise your cash needs while running through the investment lock-in time. However, you will need to pay the penalty for premature withdrawal.
Easy access to secured loans
Opening a Fixed Deposit at a Post office is extremely easy, and you can complete the formalities online. Any Indian resident can open the Post Office Fixed Deposit for the investment tenure of their choice. Overall, Post Office Fixed Deposit helps the investor attain financial stability and endowment within a fair time.
Your fixed deposit at the post office can help you to get an instant cash loan to meet your urgent cash needs. Banks and NBFCs offer cash loans at competitive interest rates on pledging the fixed deposit certificate.
It helps the investor meet their exacting cash needs without withdrawing their fixed deposit prematurely. It helps them to retain their hard-earned savings to produce the best outcome in the later stage.
Also Read : How To Plan Fixed Income Strategy As FD Rates Are On The Rise?
