Post Office Time Depost Account

Interest payable, Rates, Periodicity etc.

Interest payable annually but calculated quarterly.

Period          Rate
1 yr. A/c      8.20%
2 yr. A/c      8.30%
3 yr. A/c      8.40%
5 yr. A/c      8.50%
w.e.f. 01.04.2012 


Investment limits and Denominations

• Minimum INR 200/- and in multiples thereof.
• No maximum limit.

 

Salient features including Tax Rebate

1. Account may be opened by individual.  
2. The investment in the case of  5 years TD qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.