The government has not changed the interest rates of small savings schemes for July-September (Q2FY26). That is, you will continue to get the same interest as before. If you are planning to get a fixed deposit these days, then before that you should also know about the National Savings Time Deposit Account of the post office. Here we are telling you about the National Savings Time Deposit Scheme of the post office … Minimum ? 1000 investment in National Savings Time Deposit Account, in how much time will the money double?
The maximum interest being given in the National Savings Time Deposit Account is 7.5%, so according to Rule 72, if you invest money in this scheme, then it will take about 9 years and 6 months for the money to double. What is the Rule of 72?
This special rule of finance is the Rule of 72. Experts consider this to be the most accurate rule, which determines in how much time your investment will double. You can understand it like this, if you have selected a particular scheme of the bank, where you get 8% interest annually. In such a situation, under the Rule of 72, you will have to divide 72 by 8. 72/8= 9 years, that is, under this scheme, your money will double in 9 years. Tax exemption is available on investing for 5 years. You can avail tax exemption under Section 80C of the Income Tax Act 1961 on investing in the Time Deposit Scheme for 5 years. Under this, you can avail income tax exemption on investment up to Rs 1.50 lakh. That is, this income is deducted from your total annual income. However, this benefit will be available only when you file ITR under the old income tax regime. Who can open an account? Anyone can open this account in any post office:
