Indian Post Office Fixed Deposit

Indian post offers a fixed deposit provision for Indian Citizens with various interest rates. The following information gives you more detail on Indian post office fixed deposit rates.

Eligibility criteria to open a fixed deposit account in Indian post office

• You should be an Indian Citizen.
• You should be above 18 year old.
• if you are below 18 years then child’s parent can maintain the account in child’s name.
• You can open a single account or a joint account with two adults.
• Group account or institutional account can not be opened.

How to apply for Indian Post office fixed deposit account

• You can visit any of your nearby post office and collect the application form.
• Submit the duly filled application to the post master and get your account opened done within two working days.
• You need to submit following mandatory documents to get your account activated.
• You have to submit a copy of your id proof and passport size photograph.
• You should also give a proof of your residential address in the post office.

Indian post office fixed deposit interest rates

• The interest rate for a fixed deposit of one year is 6.25% per year at Indian post office.
• The interest rate for a fixed deposit of two year is 6.5% per year at Indian post office.
• The interest rate for a fixed deposit of one year is 7.25% per year at Indian post office.
• The interest rate for a fixed deposit of one year is 7.5% per year at Indian post office.
• The interest rate for a fixed deposit of one year is 8% per year at Indian post office.

Note : The interest rate gets calculated every year.

Minimum and maximum deposit

• The minimum amount should be rs.200 in order to open a fixed deposit account.
• There is no limit for maximum amount.
• But note that the amount deposited should be multiple of 200.

• In this link you can find an interest generator.
• All you have to do is just enter the number of year you would be depositing the money and enter the fund amount.