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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 PO 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 FD 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.

For more information you can also visit the following link. Indian Post office

  • 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.

Comments

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I WANT TO FIX 25000(TWENTY FIVE THOUSAND) FOR SMALL 10 MONTH KID FOR 20 YEARS HENCE SEND TOTAL MATURITY AMOUNT WITH INTEREST RATE.

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Hi, i want to know about fix deposit rate my baby is one month old. I want to do fix deposit to baby name like 30000 rupees so please tell me which is the best bank or post office scheme. which bank give maximum interest rate. Thanks reply

Hi, i want to know about fix deposit rate my baby is one month old. I want to do fix deposit to baby name like 30000 rupees so please tell me which is the best bank or post office scheme. which bank give maximum interest rate. Thanks reply

Hi, i want to know about fix deposit rate my baby is one month old. I want to do fix deposit to baby name like 30000 rupees so please tell me which is the best bank or post office scheme. which bank give maximum interest rate. Thanks reply

Hi, i want to know about fix deposit rate my baby is one month old. I want to do fix deposit to baby name like 30000 rupees so please tell me which is the best bank or post office scheme. which bank give maximum interest rate. Thanks reply

In case of premature closure of 2 year, 3 year or 5 year account on or after 01.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit, interest on such deposits shall be calculated at the rate, which shall be one per cent less than the rate specified for a period of deposit of 1 year, 2 year or 3 years as mentioned in the concerned table given under Rule 7 of Post office Time Deposit Rules. http://www.profibusinessplan.com http://www.business-thankyou-cards.com http://www.bfsbusinessfunding.com http://www.easybusinesscardmaker.com http://www.easybusinesscarddesigner.com http://www.thebusinessoftech.com http://www.nomonkeybusinessontv.com http://www.thebloggerbusinessassociation.com http://www.bloggerbusinessgroup.com http://www.bloggerbusinessnetwork.com

my name is madhu.i want to know about fix deposit rate my daughter she is 4years old.i want to do fix deposit to her name like 50000 rupees so please tell me which is the best bank or post office scheme.which bank give maximum interest rate. Thanks

Hi, i want to know about fix deposit rate my baby is one month old. I want to do fix deposit to baby name like 30000 rupees so please tell me which is the best bank or post office scheme. which bank give maximu

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