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Post Office Time Deposits
Home » Income Tax Solution » Tax Savings Scheme » Post Office Schemes » Post Office Time Deposits
Post office Time deposit scheme is a type of fixed deposit account offered by Department of post, Government of India at all post office. This saving plan is best for those investors who want to deposit a lump sum for a fixed period. Investor gets a lump sum (principal + interest) at the maturity of the deposit, where rate of interest on investment depend on the term of deposit.
Who can open :
A single adult or two adults jointly,
A pensioner to receive/credit his monthly pension,
Group Accounts by Provident Fund, Superannuation Fund or Gratuity Fund, Authority controlling funds of the Sanchayika.
Public Account by a local authority/body,
Institutional Accounts by the Treasurer of Charitable Endowments for India, Trust Regimental Fund & Welfare Fund,
A cooperative society / cooperative bank or scheduled bank on behalf of its members, clients or employees
Gazetted Officer in his official capacity.
[ Non Resident Indian / HUF can not open the account. ]
Nomination facility
Nomination facility is available under Post office Time Deposit scheme.
Amount Required
Minimum amount required: Rs.200/-.
Maximum Amount : No Limit
Time / term of investment
Time Deposits can be made for the periods of 1 year, 2 years, 3 years and 5 years.
 
Arrow Interest Rates
Period of deposit Rate of Interest per cent/ per annum
1 YEAR 6.25
2 YEARS 6.50
3 YEARS 7.25
5 YEARS 7.50
 
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