Post Office Time Deposit (POTD)

iAbout This Scheme

Post Office Time Deposit offers fixed-term deposits of 1, 2, 3, and 5 years at competitive government-backed interest rates. The 5-year TD qualifies for tax deduction under Section 80C up to ₹1.5 lakh. Interest is compounded quarterly but paid annually.

🎁Key Benefits

• 1-year TD: 6.9% p.a.; 2-year: 7.0% p.a.; 3-year: 7.1% p.a.; 5-year: 7.5% p.a.
• 5-year TD qualifies for Section 80C deduction up to ₹1.5 lakh
• Minimum deposit ₹1,000; no maximum limit
• Premature closure allowed after 6 months
• Interest compounded quarterly, paid annually
• Nomination facility available

✅Eligibility Criteria

• 1
  Any resident Indian individual or joint account holder

📝How to Apply

❓Frequently Asked Questions