POST OFFICE TIME DEPOSITS

Rate of Interest

POST OFFICE TIME DEPOSITS (POTD)
 (Period of deposits- 1,2 ,3 and 5 years)

Sl. No.

Name of the Scheme

 Interest Maturity Period Limit of Deposit Place of Deposit
  1  POTD 6.25% 1 year Min:Rs.50
Max: No Limit		 All Post Offices
                6.50% 2 year
7.25% 3 year
7.50% 5 year

 
How to open an Account

Account can be opened by an adult or jointly by two individuals or by a minor who has attained the age of 10 years. There are provisions for accepting deposits from School Sanchayika Fund. Different accounts for different maturity periods may be opened in one name Deposits may be made of Rs. 50 or multiples thereof upto any amount.
Premature Closure

The premature closure after six months before one year from the date of deposit will be allowed without payment of interest.
 Rate of Interest 

The current rates of interest payable annually on different maturity period are as follows:
Maturity Period Interest
1 year 6.25%
2 year 6.50%
3 year 7.25%
5 year 7.50%



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