For investors looking for safety, guaranteed returns, and government backing, post office savings schemes remain one of the most trusted options in India. One such scheme allows investors to earn a fixed interest of approximately ₹3,28,000 by depositing ₹8,00,000 for a fixed tenure. This makes it an attractive choice for risk-averse individuals, retirees, and long-term planners.
Which Post Office Scheme Offers This Return
The return of ₹3,28,000 on an ₹8,00,000 deposit is achievable through long-term post office time-based deposit schemes. These schemes offer fixed interest rates for a predetermined tenure, ensuring predictable and stable returns regardless of market fluctuations.
How the Interest Is Calculated
The interest is calculated on the deposited amount over the chosen tenure, usually ranging between three to five years. With compound or cumulative interest applied over time, the total interest earned on an ₹8 lakh deposit reaches approximately ₹3.28 lakh by maturity, depending on the applicable interest rate during investment.
Investment Tenure and Maturity Value
The scheme requires the investor to lock in funds for a fixed period. At the end of the tenure, the investor receives the principal amount along with the accumulated interest in a lump sum, making it suitable for planned financial goals.
| Deposit Amount | Tenure | Total Interest | Maturity Amount |
|---|---|---|---|
| ₹8,00,000 | Long-term fixed tenure | ₹3,28,000 | ₹11,28,000 |
Who Should Invest in This Scheme
This scheme is ideal for individuals seeking guaranteed returns without exposure to market risks. Senior citizens, salaried employees planning future expenses, and those prioritizing capital protection can benefit significantly from this investment option.
Tax Implications on the Interest
The interest earned under post office schemes is taxable as per applicable income tax rules. However, certain post office deposits may offer tax benefits depending on the scheme and tenure chosen, making them more attractive for long-term investors.
Safety and Government Guarantee
One of the biggest advantages of post office schemes is complete capital safety. Since these schemes are backed by the Government of India, investors do not face default risks, making them a preferred option during uncertain economic conditions.
Comparison with Bank Fixed Deposits
Compared to many bank fixed deposits, post office schemes often offer competitive interest rates with higher reliability. While liquidity may be slightly restricted due to lock-in periods, the assurance of stable returns compensates for it.
Things to Consider Before Investing
Investors should assess their liquidity needs before investing, as premature withdrawals may attract penalties. It is also important to confirm the current interest rates, as they are reviewed periodically.
Conclusion
Depositing ₹8,00,000 in a post office savings scheme can generate a fixed interest of around ₹3,28,000, offering a secure and predictable return. With government backing, stable interest, and long-term financial security, this scheme remains one of the safest investment choices for conservative investors.