Interest for 3 years
Note: All interest rates shown below are as on 22nd Jun 2021
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|1 day - 2 years 11 months 30 days||5.5%||5.5%|
|3 years - 4 years 11 months 30 days||6.7%||6.7%|
Post Office Fixed Deposit (POFD) or Post Office Time Deposit (POTD) is the oldest and preferred form of investment offered by the Indian Postal Services. They are considered as safe as the Government of India backs them.
5.5% - 6.7%
5.5% - 6.7%
FD Rate for Seniors
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
|Investment Amount||For 3 years with interest of 6.7%||For 5 years with interest of 6.7%|
|₹ 1 lakh||₹139664||₹139664|
|₹ 2 lakh||₹279328||₹279328|
|₹ 5 lakh||₹698319||₹698319|
|₹ 10 lakh||₹1396638||₹1396638|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹105641||₹ 101764|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹5641|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Dhanlaxmi Bank||5.4% - 5.9%|
|Tamilnad Mercantile Bank||5.5% - 5.5%|
|IDBI Bank||5.3% - 5.8%|
|Bank of India||5.15% - 5.65%|
|Sundaram Finance||6.25% - 6.75%|
|AU Small Finance Bank||6.25% - 6.75%|
|Canara Bank||5.5% - 6%|
|Axis Bank||5.4% - 5.9%|
|Mahindra Finance||6.3% - 6.55%|
|PNB Housing Finance Ltd||6.6% - 6.85%|
|IDFC First Bank||5.75% - 6.25%|
|State Bank of India||5.3% - 5.8%|
|HDFC Bank||5.15% - 5.65%|
|Bank of Baroda||5.1% - 5.6%|
|LIC Housing Finance||5.75% - 6%|
|Tamil Nadu Power Finance||7.75% - 8.25%|
|Jammu & Kashmir Bank||5.3% - 5.8%|
|Bajaj Finance||6.5% - 6.75%|
|Yes Bank||6.25% - 7%|
|RBL Bank||6.3% - 6.8%|
|Punjab and Sind Bank||5.3% - 5.8%|
|Kotak Mahindra Bank||5.1% - 5.6%|
|IndusInd Bank||6% - 6.5%|
|Central Bank of India||5% - 5%|
|DCB Bank||6.5% - 7%|
|Bandhan Bank||5.25% - 6%|
|Fincare Small Finance Bank||6.25% - 6.75%|
|DBS Bank||5.5% - 5.5%|
|Indian Overseas Bank||5.2% - 5.7%|
|Karur Vysya Bank||5.5% - 6%|
|Equitas Small Finance Bank||6.35% - 6.85%|
|City Union Bank||5.5% - 6%|
|SCB Bank||5.35% - 5.85%|
|Karnataka Bank||5.5% - 5.9%|
|South Indian Bank||5.5% - 6%|
|HDFC Ltd Fixed Deposit||6.05% - 6.3%|
|Bank of Maharashtra||4.9% - 5.4%|
|ICICI Housing Finance Company||6.05% - 6.3%|
|ESAF Small Finance Bank||5.75% - 6.25%|
|Indian Bank||5.15% - 5.65%|
|Shriram Finance||8% - 8.4%|
|Federal Bank||5.35% - 5.85%|
|ICICI Bank||5.15% - 5.65%|
|Ujjivan Small Finance Bank||6.75% - 7.25%|
|Punjab National Bank||5.1% - 5.6%|
|Union Bank of India||5.4% - 5.4%|
Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing
Sign up for a Fixed Deposit Account through Scripbox by way of an entirely paperless process.
Enter an investment amount and try different durations to preview potential returns at a glance.
Invest via Card, Netbanking, or UPI instantly; once done, your Fixed Deposit will be confirmed.
You can view the status of any Fixed Deposits you’ve added or created in your Scripbox account.
Post Office FD or National Savings Term Deposit was introduced by the Central Government of India through Notification- G.S.R. 922(E) on the 12th of December 2019. The scheme was introduced as the National Savings Time Deposit Scheme, 2019. However, it is popularly known as Post Office FD. The Post Office fixed deposit is regulated by the Post Office of India.
The intent of introducing this scheme is to instil a habit of savings as well as risk-free investment for investors. Moreover, the interest on Post Office fixed deposit is predetermined and guaranteed. On the day of investment, you will know how much maturity and interest amount you will receive at the end of the tenure. We can conclude that no doubt the investment scheme is risk-free but it does not beat inflation. Hence, you must consider other Post Office investment options as well before investing and ensure your investment goal is being fulfilled.
You can open the Post Office FD account by submitting an application in Form-1 to the Post Office of India. You can either visit any nearest branch of Post Office or apply by visiting the online portal. Also, remember to satisfy the following eligibility criteria to open an account:
You need to submit the following documents to open a Post Office account and complete KYC:
The following is the interest rate on Post Office FD or National Savings Term Deposit:
|Category or Tenure of Account||Post Office FD Rates(12/12/2019 till 31/03/2020)||Post Office FD Rates(01/04/2020 till date)|
|Category of the account||Period from the date of repayment by which option for extension may be exercised.|
|1-Year FD||6 months|
|2-Year FD||12 months|
|4-Year FD||18 months|
|5-Year FD||18 months|
The following is the type of Forms you need to submit to the Post Office of India for the following purposes:
|Form-1||Application for opening an account|
|Form-2||Application for closure of the account|
|Form-3||Application for extension of account|
|Form-4||Application for premature closure of the account|
|Form-5||Application for pledging of account|
The highest Post Office fixed deposit interest rate is 6.70% for a 5-year tenure time/ fixed deposit.
There is no maximum deposit limit for a Post Office fixed deposit. The minimum deposit amount is Rs 1,000. Moreover, the deposit amount must be in multiples of Rs 100.
Yes, the Post Office fixed deposit is safe. As we know the investment scheme is regulated by the Post Office of India and backed by the Central Government of India. Further, the maturity amount is predetermined and fixed
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