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POST OFFICE
TIME DEPOSITS |
 Interest
Rates:
- Interest payable annualy but calculated on quarterly compound basis(with effect from 01.03.2003).
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Account |
Rates Of Interest |
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1 Year Account |
6.6% |
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2 Year Account |
6.7% |
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3 Year Account |
6.9% |
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5 Year Account |
7.4% |
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Investment
Limits & Denominations:
- Minimum Rs 200/- and its multiples.
- No maximum Limit.
Features:
- Account may be opened by an individual,Trust,Regimental Fund and Welfare Fund.
- 2,3 and 5 year accounts can be closed after 1 year at a discount.
- Acount can be closed after 6 months but before 1 year without interest.
Tax
Rebate:
The amount if interest earned is tax free under the section 80-L of Income Tax Act.
TD Forms:
Application For opening An TD Account
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