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Where to invest 1 lakh arrears DA for higher returns before Puja
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News18•15-10-2026, 14:09
Where to invest 1 lakh arrears DA for higher returns before Puja
- •State government employees and pensioners have received their long-awaited arrears DA credited to their accounts before Puja
- •With a lump sum of 1 lakh rupees now in hand, many beneficiaries are looking for safe investment options to grow their money
- •Risk-averse individuals, especially pensioners, often prefer Fixed Deposits and Time Deposits over volatile market investments
- •Post Office Time Deposit offers 6.9 percent interest for a 1-year tenure for both general customers and senior citizens
- •Calculations show that Post Office Time Deposits currently yield slightly higher returns compared to State Bank of India FDs for a 1-year period
Key Questions Answered
According to the calculation for a 1-year deposit of 1 lakh rupees, Post Office Time Deposits offer higher returns at 6.9 percent interest, yielding 1,07,081 rupees for general customers. In comparison, State Bank of India offers 6.25 percent interest to general customers, yielding 1,06,398 rupees.
Senior citizens receive a 6.9 percent interest rate on a 1-year Post Office Time Deposit, yielding 1,07,081 rupees. For a 1-year State Bank of India Fixed Deposit, senior citizens get a 6.75 percent interest rate, resulting in a maturity amount of 1,06,923 rupees.
The Post Office Time Deposit scheme allows deposits to be made for tenures of 1 year, 2 years, 3 years, and 5 years, with interest rates varying depending on the chosen period.
