Time Deposit- TD (1TD,2TD,3TD,5TD)
23 Mar 2018
* Account may be opened by individual
*Minimum INR 200/- and in multiple thereof. No maximum limit.
* 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.
*Interest payable annually but calculated quarterly.
*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 .*Example 2 Years TD account will be automatically renewed for 2 Years. Interest rate applicable on the day of maturity will be applied
*Single account can be converted into Joint and Vice Versa
*The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
Interest Rate from 01/01/2018
TD Account Rate
*Minimum INR 200/- and in multiple thereof. No maximum limit.
* 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.
*Interest payable annually but calculated quarterly.
*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 .*Example 2 Years TD account will be automatically renewed for 2 Years. Interest rate applicable on the day of maturity will be applied
*Single account can be converted into Joint and Vice Versa
*The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
Interest Rate from 01/01/2018
TD Account Rate