Minimum Deposit
Min ₹1,000 (in multiples of ₹100)
Maximum Deposit
No Maximum Limit
Scheme Tenure
1 Year, 2 Years, 3 Years, 5 Years
Tax Status
Sec 80C (5-Year Term only)
Official Rules & Key Features
- Interest Rates: 1-Year (6.9%), 2-Year (7.0%), 3-Year (7.1%), 5-Year (7.5% p.a.).
- Annual Payout: Interest is calculated quarterly and credited annually to POSB savings account.
- Auto-Renewal: Automatic renewal facility available upon maturity for similar tenures.
- Conversion: Any 1-Yr, 2-Yr, or 3-Yr TD can be converted to 5-Yr TD at any time.
- Pledging: Can be pledged as security for government housing or commercial loans.
Eligibility & Who Can Open Account
- Single adult or Joint Account (up to 3 adults).
- Guardian on behalf of minor or person of unsound mind.
- Minor above 10 years in their own name.
Taxation Rules
Investment in 5-Year Time Deposit qualifies for Section 80C tax deduction up to ₹1,50,000 per year. Interest earned is taxable.
Premature Closure
No deposit can be withdrawn before 6 months. Premature closure between 6 months and 1 year earns PO Savings Account rate (4.0%). After 1 year, 2% interest is deducted from TD rate.
Required KYC & Verification Documents
Aadhaar Card, PAN Card, address proof, and 2 passport photos.
Calculate Returns
Estimate exact maturity yield, monthly interest payout, or premium quotes for Post Office Time Deposit Account (TD / FD).
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