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Opening a post office fixed deposit account is a simple process and can be done at any of the post offices or head post offices in the country. Those who wish to open an account can do so by visiting the nearest branch.
A post office fixed deposit account is very similar to other fixed deposit accounts. The advantage here is that the scheme is a government-based one and hence there will be guaranteed returns on investment with an almost nil scope for any kind of risks.
|Eligibility||All residents of India holding a post office savings account|
|Entry age||No maximum age, minors 10 years or more can hold individual accounts|
|Investment amount||Min: Rs.200 Max: No ceiling on maximum deposit amount|
|Tenure (in year)||1, 2, 3, or 5|
|Categories of account holders||Individual Joint family Minors|
To Know Complete Detail about Post office Fixed Deposit Click Here
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