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    Post Office Special FD Schemes

    Post offices in India offer various financial schemes including recurring deposit accounts, fixed deposit accounts, certificates, special schemes for farmers, etc. These schemes come with a wide range of benefits and can be opened at any designated post office in India. They are similar to the financial services offered by banks and other financial institutions.

    Post Office Fixed Deposit Schemes

    Post offices offer fixed deposit schemes with interesting rates of interest and a wide range of benefits. Interest rate for each tenure for post office fixed deposit is fixed. The post office offers different kinds of fixed deposit schemes to choose from.

    Special Fixed Deposit Schemes offered by Post Offices

    Post offices offer a wide range of savings schemes including Fixed Deposit schemes. Listed below are some of the special fixed deposit schemes offered by post offices in India and its features:

    Post Office Time Deposit Account:

    Post office time deposit account is a fixed deposit account that can be opened and maintained by any eligible individual. It works like any other fixed deposit account where in the individual deposits a certain amount of money into the account once and earns interest on the amount deposited until the term of the policy ends. The account comes with an investment period of 5 years. Premature closure of the account is allowed.

    Tenure (in months) Rate of Interest (per annum)
    12 months 6.80%
    24 months 6.90%
    36 months 7.10%
    60 months 7.6%

    Senior Citizens Savings Scheme:

    Senior citizens savings scheme is a scheme designed specially for senior citizens above the age of 60. The account comes with a maturity period of 5 years. Deposit can be made only once and should be made in multiples of Rs.1000 and the maximum amount that can be deposited is Rs.15 lakh.

    Tenure (in months) Rate of Interest (per annum)
    5 years 8.4%

    15 year Public Provident Fund:

    PPF or Public provident fund is one of the best fixed deposit schemes offered by post offices. Deposits can be made either at once with a lump sum amount or in 12 monthly installments. The rate of interest offered on the fixed deposit account currently is 8.40%. Premature closure is not allowed for the account.

    Tenure (in months) Rate of Interest (per annum)
    15 years 7.9%

    Post Office Monthly Income Scheme:

    Monthly income scheme(MIS) is one among the many fixed deposit schemes offered by the post offices in India. Any eligible individual can open the account at designated post offices.The deposit should be made in multiples of Rs.1500 and the maximum amount that can be invested is Rs.4.5 lakh. The maturity period on this account is 5 years.

    Tenure (in months) Rate of Interest (per annum)
    5 years 7.5%
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