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Time Deposit Schemes

• Interest payable annually but calculated quarterly.
From 1.4.2016, interest rates are as follows:-

 Period  Rate
1yr.A/c 7.1%
2yr.A/c 7.2%
3yr.A/c 7.4%
 5yr.A/c 7.9%

• Minimum INR 200/- and in multiple thereof. No maximum limit.

• Account may be opened by individual.


• Account can be opened by cash/cheque and in case of cheque the date of realization of cheque in Govt. account shall be date of opening of account.

• Nomination facility is available at the time of opening and also after opening of account.

•  Account can be transferred from one post office to another.


•  Any number of accounts can be opened in any post office.


•  Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.


•  Joint account can be opened by two adults.

• Single account can be converted into Joint and Vice Versa.


•  Minor after attaining majority has to apply for conversion of the account in his name.

*In CBS Post offices ,when any TD account is matured, the same TD account will be automatically renewed for the period for which the account was initially opened e.g 2 Years TD account will be automatically renewed for 2 Years. Interest rate applicable on the day of maturity will be applied.


•  The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

"Post Office Savings Bank  -  The safest investment"

 " Save today-Smile tomorrow "

"Pay Day is your Savings Day "

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