post office td account interest rate / calculator / form 2022 which provides capital protection for definite time period, post office td interest rate is 6.9% to 7.7% pa which can be calculated using post office td calculator and post office td calculator 2019 is available online , fill post office td form, check new National Saving Time Deposit Scheme Notification 2021
Post Office TD Account Interest Rate
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Post office time deposit account is similar to fixed deposit account in banks where one can save his money for a fixed time period. In PO TD account, Indian Post Offices offer guaranteed returns. The post office TD interest rate ranges between 5.5% to 6.7% depending on the number of years (1, 2, 3, 5) of the term deposit. People can easily calculate the interest earned through their post office td calculator. People can fill the post office TD account opening form through indiapost.gov.in. The Ministry of Finance has notified the new National Savings Time Deposit Rules dated 12th December 2019, GSR 922 9E dated 12th December 2019.
post office td account interest rate
People can fill the application form and make a fixed deposit in the PO for a specified period of time. Before opening the account, people should check the post office td interest as it varies for different time period. Also people can calculate td interest as per current rates through post office td calculator. Interest on PO Fixed Deposit (FD) account or TD account is payable annually but is calculated quarterly.
People can also compare other post offices like National Savings Certificate (NSC), Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Sukanya Samriddhi Yojana (SSY), Post Office Savings Account, Senior Citizen Savings Scheme (SCSS). Recurring Deposit, Monthly Income Scheme (MIS) – Check NSC Vs PPF Vs Kvp Vs Ssy Vs TD Vs Scss Vs Rd Vs Wrong Vs Post Office Savings Scheme.
Also Read: Post Office Monthly Income Scheme
Time Deposit Account Interest – Post Office TD Interest Rate
TD account can be opened in any post office across India. Any person can open this account in the name of minor or for himself or can also open a joint account to earn guaranteed interest. Post Office TD Interest Rate 2021 (Effective 1st April 2021) 5.5% for 1 year fixed deposit, 5.5% for 2 year deposit, 5.5% for 3 year fixed deposit and 5 year fixed deposit account is 6.7% for
Post Office Time Deposit (TD) Account Interest Rate
| maturity period | Rate of interest |
| 1 year time deposit | 5.5% |
| 2 years time deposit | 5.5% |
| 3 years time deposit | 5.5% |
| 5 years time deposit | 6.7% |
Post Office TD interest is calculated quarterly but it is payable annually. Any person can open any number of td accounts in the post office. Even post office TD account can be transferred from one post office to another. The account can be opened with a minimum amount of Rs 1000 and Rs 100. No maximum investment limit. Any person can open td account through cash or cheque. People can also open TD account (FD) in various nationalized and private banks like SBI, Canara Bank, Axis Bank, HDFC Bank, ICICI Bank.
Time Deposit (TD) Account Opening Form
For account opening, people can download the application form in PDF format through the link – post office td account opening form pdf, Post Office Time Deposit (TD) account opening application form will appear:-
Alternative link to check forms for post office FD account – https://www.indiapost.gov.in/VAS/Pages/Form.aspx#SavingBank
Who is eligible to open a fixed deposit account in the post office
- a single adult
- Joint account (up to 3 adults) (Joint A or Joint B)
- a guardian on behalf of a minor
- Guardian on behalf of a person without brains
- Minor above 10 years in his name
TD Account can be opened by a single adult, up to three adults in joint names, a minor above the age of 10 years or a guardian or a person of no mind on behalf of the minor below the age of 10 years. There may be more than one TD account in the name of an individual or may be held jointly with another.
Post Office TD Premature Closing and Tax Benefits
Post Office Fixed Deposit account types include 1 year, 2 year, 3 year, 5 year. The account can be opened with a minimum amount of Rs 1000 and Rs 100. No maximum investment limit. Interest will be payable annually and no additional interest will be payable on the amount of interest due but will not be withdrawn by the account holder. Annual interest can be credited to the savings account of the account holder by submitting the application. Investment under TD of 5 years is eligible for the benefit of section 80C of the Income Tax Act, 1961.
All deposits made in a term deposit account are allowed for withdrawal through TD premature closure. The TD account is liquid irrespective of the lock-in period. Only TD accounts with a lock-in (maturity) period of 5 years are eligible for tax benefits under s/c 80C of the IT Act, 1961 with effect from 1st April 2007. However, TD accounts of 1, 2 and 3 years do not get tax exemption under 80C. The following points are applicable in case of post office td premature closure which are as follows:-
- TD Account is risk free, but no deposit will be withdrawn before the expiry of six months from the date of deposit. Candidates can close their td accounts prematurely after 6 months of initial deposit.
- If td premature closure period is after 6 months but before 1 year customers will get PO savings rate interest rate.
- If 2/3/5 years TD account is prematurely closed after 1 year, the interest will be calculated at 2% less than the TD interest rate for the full year (i.e. 1/2/3 year), and one year For tenures less than Rs.
- Premature closure of TD account can be done by submitting the prescribed application form along with pass book at the concerned post office.
Pledge of TD Account
The TD account can be pledged or transferred as security on the application made by the depositor in Form-5 supported by the acceptance letter from the pledge. Transfer/pledge can be made to the following officers –
- President of India / State Governor.
- RBI / Scheduled Bank / Co-operative Society / Co-operative Bank.
- Corporation (Public/Private)/Govt. Company/Local Authority.
- Housing Finance Company.
Also Read: PMKVY Third Phase Registration
Post Office TD Calculator – Maximum/Minimum Amount
Candidates can open their account with a minimum of Rs 1000 and make a subsequent deposit in multiples of Rs 100. There is no limit on the amount deposited in the TD account. People can keep track of their records and calculate their interest using POTD passbook with applicable rules in the account. The deposit will be repayable after the expiry of 1 year, 2 years, 3 years, 5 years (as the case may be) from the date of opening.
If the TD deposit matures at any CBS post office, the same TD account will be automatically renewed for the same period for which the initial account was opened. For example – Any 2 year TD account can automatically renew for 2 years after maturity. An account holder can get interest income deposited in his savings bank account. If the depositor does not withdraw the annual interest earned on his deposit, it will not earn any additional interest as per the scheme.
Time Deposit Account 2021 is somewhat similar to post office RD account. However, RD interest is paid quarterly while TD interest is paid annually but is calculated quarterly. People can also td login on the website of post office td account check online.
New National Savings Time Deposit (TD) Scheme Nomination Facility
Subscribers are allowed in multiple accounts in any post office as well as joint TD accounts. People below the age of 10 years can open such an account or in their own name. Nomination facility is available at the time of account opening and also after opening TD account.
In TD accounts, the customer can operate more than 1 account in individual capacity or jointly. After 10 years, the minor has to change the TD account in his name. There is no maximum limit on deposits made by an individual. People can convert their single account to joint account and vice versa.
Post Office Time Deposit – Highlights at a Glance
All those who want to save their money for a stipulated time period and assured returns can open a TD account. The important features and highlights of Post Office TD Account are as follows:-
Time Deposit Account – Post Office TD Calculator & Key Features
| TD Interest Rate 2021, Periodicity |
Minimum term deposit account opening balance and maximum balance |
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The TD interest rate currently varies from 5.5% to 6.7% per annum while payable annually (effective from 1 April 2021). This post office TD interest is 5.5% for 1 year account, 5.5% for 2 year account, 5.5% for 3 year account and 6.7% for 5 year account. |
The minimum TD account opening balance is Rs 1000 and candidates can deposit any amount in multiples of 100. It has no maximum limit. |
| important features | |
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For more details, official website indiapost.gov.in go to
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