Post office FD: India Post offers four maturity options for its time deposit small savings schemeIndia Post offers a range of maturity options under its time-deposit small savings scheme.
India Post - which operates a network of more than 1.5 lakh post offices across the country - provides four different lock-in periods for time deposit - or fixed deposit - accounts, and pays interest to the tune of 7-7.8 per cent per annum on such accounts, according to its website, indiapost.gov.in.
While the fixed deposits of one-year, two-year and three-year maturities have no upper investment limits in place, the five-year time deposit allows a maximum investment of Rs 1.5 lakh a year.Post office fixed deposit investment limitsThe post office allows a minimum investment of Rs 200 in any of its time-deposit products.Post office fixed depositinterest rates (rate of return)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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