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.