Post Office Fixed Deposit Interest Rates 2017

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Up to ₹1Cr

1 Year to 5 Years

6.8% - 7.6% Quarterly compounding

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Up to ₹25L

1 Year to 5 Years

7.49% - 8.19% Monthly compounding

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Up to ₹25L

1 Year to 5 Years

7.75% - 8.5% Monthly compounding

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Post Office Fixed Deposit Interest Rates 2017

For over 150 years, the Department of Posts has been the backbone of India’s communication structure. It has made people’s lives easy by delivering mails, providing Small Savings Schemes and life insurance cover etc. The Indian post office has 1,55,015 post offices making it one of the most widely distributed postal network in the world.

Post Office Savings Schemes

Post Office schemes are an ideal investment option and there are a wide range of schemes to choose from. These schemes offer competitive interest rates and other benefits such as tax exemption, etc. Let us explore the various options.

Post Office Savings Account

This is a savings account that pays interest at the rate of 4% p.a. The minimum balance that needs to be maintained in this type of account is Rs.50. The features include cheque, ATM card, and other benefits.

Post Office Time Deposit Account (TD)

This is a type of fixed deposit account that can be opened with a minimum investment amount of Rs.200. The interest rate offered ranges from 6.8% to 7.6%. These time deposits can be held for a tenure ranging anywhere between 1 to 5 years.

Post Office Monthly Income Account (MIS)

An MIS scheme is a type of investment that pays an assured rate of interest on a monthly basis. The rate of interest offered by India Post for MIS schemes is 7.5% p.a.

Senior Citizen Savings Scheme (SCSS)

SCSS are savings schemes for senior citizens and come with a lock-in period of 5 years. The interest rate offered is 8.3% p.a. The maximum amount that can be invested in this type of deposit is Rs.15 lakh.

Public Provident Fund Account (PPF)

India Post PPF account is a type of long-term investment scheme where one can invest a fixed sum for a set period of time. India Post offers an interest rate of 7.8% p.a. and this scheme comes with a lock-in period of 15 years. One can avail tax exemption under Section 80C of the Income Tax Act for PPF accounts.

National Savings Certificate (NSC)

NSC is a tax saving bond issued by India Post. These certificates can be purchased for a minimum of Rs.100. The interest rate offered on this scheme is 7.8%.

Kisan Vikas Patra (KVP)

KVP is an investment scheme offered by India Post. The minimum deposit that can be made under this scheme is Rs.1000. The amount invested doubles up in a period of 115 months.

Sukanya Samriddhi Accounts (SSA)

The SSA is special savings scheme for girl children and can be purchased by parents or guardians of the child. The interest rate offered is 8.3% p.a. The minimum annual deposit for SSA is Rs.1, 000, while the maximum is Rs.1, 50,000.
*Please note that interest rates are subject to change as per the discretion of India Post

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Features and Benefits of FD in Post Office
- The time deposit account can be opened for 5 years.
- Any number of accounts can be opened in any post office.
- A minor of 10 year or above can open and manage the account.
- Joint accounts can be opened by two adults.
- An individual can convert the time deposit account from single to joint and vice versa.
- Fixed deposit schemes are available for a period of 5 years.
- The minimum amount that can be deposited is Rs.200, there is no limit on the maximum amount.
- The depositor can open a time deposit with the post office for a minimum of 1 year.
- The investments made under 5 years are eligible for tax benefits and deductions under Section 80C of the Income Tax Act of India, 1961.
- The accounts can be ported to other post offices quite easily.
- Depositor can open any number of time deposit accounts.
- On maturity, the account is automatically renewed for the period it was initially opened.
- NRIs cannot invest in the time deposit schemes offered by the post office.
Post Office FD Rates

Post Office Interest Rates

For a duration of 1 year: The Indian Post Office offers 6.8% interest rate for the time deposits for a tenure of 1 year.

For a duration of 2 years: 6.9% interest rate is offered to the depositor for time deposit of two years.

For a duration of 3 years: 7.1% interest rate is offered for a tenure of 3 years.

For a duration of 5 years: Post office offers 7.6% interest rate to their depositors.

The Indian Post Office doesn’t offer any special interest rates to the senior citizen. There is no limit to the amount that can be deposited neither is a limit on how many time deposit accounts one individual opens.

The updated list of Indian Post Office Fixed Deposit Interest Rates, per specific tenures, is listed below:

Period	Rate (%)
1 yr. A/c	6.9
2 yr. A/c	7.0
3 yr. A/c	7.2
5 yr. A/c	7.7

*Above Interest rates are as of 09/05/2017

Also know about: PO Monthly Income Scheme

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News About Post Office FD Rates

India Post Payments Bank begins operations

On Monday, the government of India launched the India Post Payments Bank (IPPB), the pilot program has been launched in Raipur and Ranchi with IPPB providing basic financial services. By the end of September the government aims to expand the IPPB network to 650 branches, the new branches will be co-located with existing post offices. Payments Banks accept limited deposits and offer payment services, but do not offer any credit services such as loans or credit cards. The India Post Payments Bank is the second of its kind in the country to begin operations, the first payments bank in India was launched as Airtel Payments Bank. The e-payments company PayTM has also received a license from the Reserve Bank of India (RBI) to open a payments bank and is expected to start operations soon. Due to the lower overhead costs of payments banks, they might pose a challenge to traditional banks for smaller amounts of deposits. These new payments banks will offer basic financial services, current and savings accounts with a ceiling limit of Rs.1 lakh, distribution of mutual funds, insurance and pension products, the payments banks will also act as a correspondent to other banks for credit products to service rural areas and other underserviced areas of the country. IPPB will offer three different types of accounts to its customers, Safal, which is a regular account, Sugam, which is a basic savings account and Saral, which is a small savings account. All three accounts require the customer to make a Rs.100 initial deposit and do not have a minimum balance requirement. The Safal and Sugam accounts require the KYC details of the customer and the Saral account does not require the KYC details of the customer, as the Saral account is targeted to customers new to banking. The interest rates for deposits with a quarterly average balance of Rs.25,000 is 4.5%, for deposits with a quarterly average between Rs.25,000-Rs.50,000 the interest rate is set at 5% and for deposits above Rs.50,000 the interest rate is set at 5.5%.

9th February 2017
Time Deposit Rates of India Post Office

The Indian Post Office, being a widely distributed postal network, offers several savings schemes to encourage the common man to invest for the future. The term deposits offered by the Post Office are available for different tenures at competitive interest rates. Post the directive issued by the Reserve Bank of India, the Post Office has revised its rates.

Though the interest is paid on an annual basis, the calculation is done quarterly. For the period of 1 year, the interest rate applicable is 7.1%. For other tenures, namely 2 years, 3 years, and 5 years the rates of interest computed are 7.2%, 7.4%, and 7.9% per annum, respectively. These revised rates are applicable from April 01, 2016.

4th April 2016
Government may slash Post Office Saving Interest Rates

The Finance Ministry is expected to take a call on interest rate, based on the government’s move to slash interest rates on various small savings like Post Office savings by the end of December.

Several banks and the RBI are calling in for reduction in small savings rates and bring them in line with market rate. According to sources, cuts in rate of interest can prove effective in transmission of monetary policy. At the current rate of 8.7-9.3% in small saving deposits, banks aren’t quite keen in transmitting the entire policy rate reduction by Reserve Bank to borrowers.

Smalls saving schemes include Post Office Monthly Income Scheme (MIS), PPF, Post Office fixed Deposit Scheme, Senior Citizen's Savings Scheme, Post Office Savings Account and Sukanya Samriddhi Accounts.

As per sources, a final decision on the interest rates of various small saving schemes after review may be taken towards the end of the month, sources said.

7th December 2015

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Post Office FD Rates Reviews

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Fixed Deposit

"Excellent"

0.5 4.0/5 "Great!"

I do have the Fixed deposit account with the India post office. Interest rate is more than bankers with them. I would like to say that the customer service is very average one and that has to be get improved more, also they need to work on it.

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NARAYAN SWARUP , noida
Reviewed on Sep 28, 2017
Fixed Deposit

"Post office FD"

0.5 4.0/5 "Great!"

Post Fixed DepositÂ is good, when compared with bank deposit this is the best one. The reason why because if we can withÂ draw from PO any time after one year no charges however when it comes to bank we have to hold up to 5 years,. No charges even if we break it after 1 year they will calculate the interest earned for one year and they will credit the amount. Most of the people are not aware about post office also they dont have online facility and these are all theÂ drawback of Post office.

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MOHAN DEVARALA , hyderabad
Reviewed on Dec 29, 2016
Fixed Deposit

"No waste of time"

0.5 5.0/5 "Blown Away!"

Too quick , too easy to open a FD at POST OFFICE. It takes hardly 10 minutes to open this FD. All I had to do is fill the form and they will courier my details to my mailing address. Its a one time visit there is no need for me to visit Post office again for the same purpose. Best of all, they are offering the best interest rate in the market.

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LOKESH SOUNDARAJAN , bangalore
Reviewed on Nov 25, 2016
Fixed Deposit

"Not a good"

0.5 2.0/5 "Expected more"

I have got the fixed deposit account with the India post office. Interest rate is around 7.5% per annum and its the annual compounding and the total tenure is around twenty years of time and I have maintaining this account for my children future. Customer service is not a responsive one like its very difficult to handle.

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SURENDRAN NATH MISHRA , mumbai
Reviewed on Apr 26, 2016
Fixed Deposit

"Excellent !!!!"

0.5 4.0/5 "Great!"

Interest rate offered by India post is approximately 6%-7.5% for the fixed deposit for the minimum lock in period of seven years . After five years we will get the lump sum amount. The amount to start the plan is Rs.1000. There is no activation or any maintenance fee.

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SRINIVAS BALLA , hyderabad
Reviewed on Mar 19, 2016
Fixed Deposit

"Interest rate is good comparing to the banks..."

0.5 4.0/5 "Great!"

Only reason to go with India Post Office for fixed deposit is the rate as comparatively they are high as the percentage is 8.7%. Very well we can drop the deposit in middle but no idea about the penalty. Very soon they are going to introduce savings account to the people. If we speak about customer service they lack.

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KATAKAM NARESH KUMAR , hyderabad
Reviewed on Mar 02, 2016
Fixed Deposit

"Best interest ...."

0.5 4.0/5 "Great!"

India post office is the best for fixed account. They are providing 8.4% interest which was very competitive. Minimum maintenance also good in India post office which was very convenient just 50rs. I would suggest them to provide more facilities to their senior citizens.

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NIRAJ KUMAR PRASAD , bangalore
Reviewed on Jan 15, 2016
Fixed Deposit

"secured..."

0.5 5.0/5 "Blown Away!"

I was infact suggested by one of the friend to this India Post office for fixed deposit. In comparison to banks the rate is little low in India Post office but it is a secured place to put our money. Also it very easy to send parcels to abroad as being a loyal customer of India post office.

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DANIEL TIMUNG , bangalore
Reviewed on Dec 21, 2015
Fixed Deposit

"Secured one"

0.5 4.0/5 "Great!"

Indian Post Office it is a Government service and I would like to give 4 for Post office. It is very much secured . I am holding this FD for the past one year. The rate of interest offered by PO was 8.5%. I feel that investing at PO is very secured . I did not find any difficulty personally when I deposit there and I had opened this FD.

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PRAMODHEGDE HEGDE , bangalore
Reviewed on Dec 12, 2015
Fixed Deposit

"Good one"

0.5 5.0/5 "Blown Away!"

Post office fixed deposit that a good one. I am holding this FD since 2011 for the past 5 years. Monthly I am depositing rs 550 which was a period of 20 years . The major benefit is I use this for income purpose and everything is fine.

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VISWA S , coimbatore
Reviewed on Dec 08, 2015
Fixed Deposit

"Not great.."

0.5 4.0/5 "Great!"

Friend is working in India Post Office and through him I opened the fixed deposit. Nationalized banks and offices are not that great in customer service and they are not that approachable. I have easily processed because of my friend but it will not happen to normal customers. Employees are not bothered to help the public.

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STEPHEN RAJU RAJ , tiruchirapalli
Reviewed on Nov 24, 2015
Fixed Deposit

"Gives best rate "

0.5 4.5/5 "Excellent!"

India post is giving 9% interest rate for the fixed deposit for the minimum lock in period of 5 year. Minimum amount starts with Rs.500. For the pass book they charge Rs.200. The only issue we have to wait for long time to get deposit the amount.

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MANEPALLI MURALIKRISHNA RAO , secunderabad
Reviewed on Nov 07, 2015
Fixed Deposit

"Can increase the rate.."

0.5 4.0/5 "Great!"

To save the income tax I mainly opened the fixed deposit from India Post Office. I took it for 5 years of tenure and you get 9% of the interest rate for one year. The rate will accumulates like every year. Offers are good but they are slow as they are government sector.

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NEERAJ OJHA , bangalore
Reviewed on Nov 06, 2015
Fixed Deposit

"Satisfied.."

0.5 5.0/5 "Blown Away!"

Specifically for tax deduction I have chosen India Post office fixed deposit and benefits are fine. Post seven years the deposited amount would be doubled. While opening I was told that I can withdraw the amount in midst of the tenure and that is not complete amount as can take out 70%. In comparison to national savings scheme rate of interest is fine in India Post Office.

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GOURI SHANKER MISHRA , bangalore
Reviewed on Sep 03, 2015

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Post Office Fixed Deposit Interest Rates 2017