- Advertisement -
Home FINANCE Post Office FD Rates Increased: Good News! Post Office released new FD...

Post Office FD Rates Increased: Good News! Post Office released new FD rates, check new rates here instantly

0
Post Office Franchise: Open a post office at home by investing Rs 5,000, know all details Here
Post Office Franchise: Open a post office at home by investing Rs 5,000, know all details Here

Post Office FD: If you are looking for a safe investment option, then FD can be a better option.

Benefits of Post Office FD

Investing in Post Office FD gives you many benefits. The most important thing is that in this you will get government guarantee along with returns. Here you get the facility of interest on quarterly basis. Investing in an FD at the post office is very easy. You can get FD done in the post office for different tenures including 1, 2, 3 or 5 years.

Indian Post Office Department, Ministry of Communications, Government of India offers fixed deposit accounts that offer attractive interest rates with tenors ranging from 1 year to 5 years. Interest is payable annually, with a minimum deposit amount of Rs 1,000 and no maximum limit.

Post Office Fixed Deposit Rates

Deposit Tenure Post Office FD rates (p.a.)
1 year 5.50%
2 years 5.70%
3 years 5.80%
5 years 6.70%


Highlights of Post Office FD Interest Rates

  • Highest Post Office TD interest rate: 6.70% p.a. for a tenure of 5 years
  • Range of interest rates: 5.50% p.a. to 6.70% p.a.
  • Interest rate for a tenure of 1 year: 5.50% p.a.
  • Interest rate for a tenure of 2 years: 5.70% p.a.
  • Interest rate for a period of 3 years: 5.80% p.a.

5 Year Fixed Deposit Rates for Tax Saving Post Office 

If you open a Fixed Deposit (FD Account) with the Post Office for a period of 5 years, you will be eligible to claim tax benefits under Section 80C of the Income Tax Act, 1961.

Post Office Time Deposit Account 

Post Office Fixed Deposit Account (TD) account, also known as Post Office Fixed Deposit (FD) account can be opened with a minimum of Rs 1,000 in multiples of Rs 100 without any limit .

Who can open a Fixed Deposit Account?

A time deposit account with India Post can be opened by:

  • A single adult
  • Maximum of three adults (in the case of a joint account)
  • A Minor who is above 10 years of age
  • A guardian on behalf of an individual who is a minor or a person of unsound mind

-Advertisement-

Exit mobile version