for all Post Office Small Saving Schemes. All calculators have interest rates updated since 2011 upto Government of India, Ministry of Finance Notification F. No.01/ 16 Jan 2020 The State Bank of India or SBI FD interest rates for the long-term have been Post office fixed deposits for 5 years or more yields 7.7 per cent Get Latest interest rates of Post Office's Time Deposit Account. This page provides all interest rates from inception, such as for financial year 2013-14 to latest *The Post Office Time Deposit interest rates are subject to change. The rates of interest mentioned above are valid as 10 November 2019. The Post Office Time Deposit Account (TD) or Post Office Fixed Deposit (FD) is an investment opportunity that can be availed under the Post Office Savings schemes. One can use the Paisabazaar FD Calculator free of cost to determine the interest he/she may earn through the entire tenure at the applicable post office fixed deposit rates. The tool requires deposit amount, tenure (in months or years) and the current Post office fixed deposit interest rate for the chosen tenure.
*For 5 year tax-saver deposits, Interest rates for Q3, FY 2019-20 (October-December 2019) Please note that interest rates are reviewed every quarter by the Government for these schemes. Investing in Post Office Time Deposit, Post Office Recurring Deposit, Post Office Monthly Income Scheme, National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) in a given quarter will lock-in the rate
Post Offices like banks offer FD (Fixed Deposits) and offer very competitive interest rates. The latest Post Office FD interest rates vary from 6.9% for 1-year deposit to 7.7% for 5-year deposit. The post gives the details about the same. Post Office Fixed Deposit/ Time Deposit (POFD) Scheme is similar to a bank fixed deposit, where you can deposit money for a fixed time period and earn a guaranteed return on that.This is a good investment option for those who want to deposit a lump sum for a fixed tenure. You will get the deposited amount along with the interest earned on it at the time of maturity. *For 5 year tax-saver deposits, Interest rates for Q3, FY 2019-20 (October-December 2019) Please note that interest rates are reviewed every quarter by the Government for these schemes. Investing in Post Office Time Deposit, Post Office Recurring Deposit, Post Office Monthly Income Scheme, National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) in a given quarter will lock-in the rate Post Office Fixed Deposit Interest Rate. The tenure of POFD can range between 1 to 5 years with the Post Office FD interest rates ranging from 6.6% to 7.4% per annum. The rate increases with the number of years one chooses to apply. The post office deposit can be opened with a minimum of Rs. 200. There is no maximum upper limit.
12 Mar 2020 Post office also accepts time deposits, which are similar to a bank FD. A Term Deposit (TD) can be placed for any of the four tenures- 1, 2, 3, and 5
Post office FDs with tenure of less than 5 years are not eligible for tax benefits. The interest earned on such FDs needs is taxable as per the applicable tax rate. Post Office FD Interest Rate. The government decides the Post Office Fixed Deposit interest rate that is paid every year but is calculated quarterly. Latest Post Office Interest Rates – Oct-2019 to Dec-2019 Ministry of Finance has published latest interest rates on post office, saving schemes applicable for the period October to December, 2019 (3rd Quarter of FY2019-20) now. Last month, RBI had cut the Repo rate for the 4th consecutive time and banks started reducing the FD interest rates. For five year time deposit account, Post Office offers an interest rate of 7.7%. Post office time deposits . 3) The minimum amount required to open Post Office FD account is ₹ 200 and in As for other small savings schemes the rate of interest is reviewed quarterly by the government and the time period in which the money invested doubles, therefore, varies with this interest rate. The rate and the time period normally remain fixed for one quarter. Post office recurring deposits (RD) Post office fixed deposit is like a regular bank deposit. It is a preferred investment option in rural and suburban areas. In this you must deposit money for a fixed period and you can earn fixed returns from your savings. The interest rate on you Post Office Fixed Deposit interest rates are decided by the Government of India (every quarter) under the Small Saving Schemes. These rates are in turn determined as per the performance of government securities/bills. Post Office Fixed Deposit with a tenor of 5 years has an interest rate mark-up of 25 bps over the yield of comparable government