Latest news with #PostOfficeFixedDeposit
News18
5 days ago
- Business
- News18
How To Open A Post Office Fixed Deposit: Simple Online And Offline Guide
Last Updated: You can open a Post Office Fixed Deposit anywhere in India, either online or offline. Here's how. Post Office Fixed Deposits (FDs) are secure, government-backed investments popular in India. They offer fixed returns over tenures of 1 to 5 years, with interest compounded quarterly and paid annually. With rates ranging from 6.9 per cent to 7.5 per cent per annum in 2025, they are attractive for conservative investors seeking steady income. Whether you are tech-savvy or prefer traditional banking, you can open a Post Office FD either online via the e‑banking portal or app or offline by visiting your nearest post office. FD In Post Office: Interest Rates in 2025 As of 1 July 2025: 1-year FD: 6.90 per cent p.a. 2-year FD: 7.00 per cent p.a. 3-year FD: 7.10 per cent p.a. 5-year FD (including tax-saving option): 7.50 per cent p.a. These rates apply equally to regular and senior citizens, unlike separate senior FDs in banks. – Create an account: Register on the India Post e‑banking portal ( or download the Post Office mobile banking app. – Upload KYC documents: Provide identity and address proof (Aadhaar, PAN, voter ID, utility bills, passport). – Make payment: Pay online via net banking or UPI. – Confirmation: Receive the FD account number and digital receipt upon successful submission. FD In Post Office: How to Open Offline – Visit a post office: Go to your nearest India Post branch offering FD services. – Collect and fill form: Obtain the Post Office Time Deposit form or download it online; complete it and attach a photo. – Submit documents and deposit: Submit the form with KYC proofs and deposit the FD amount in cash or by cheque/demand draft. – Confirm account: Get a stamped receipt or passbook entry confirming your FD and maturity date. FD In Post Office: Benefits FD Guaranteed returns: Backed by the Government of India, ensuring capital protection. Competitive rates: Up to 7.5 per cent p.a., often higher than traditional bank FDs. Tax-saving option: 5-year FDs qualify for Section 80C deductions (up to Rs 1.5 lakh). Premature withdrawal: Allowed after 6 months (penalties apply). Nomination facility: You can name a nominee for hassle-free succession. No upper deposit limit: Deposit any amount (in multiples of Rs 100). To open one, simply choose your preferred mode—online through the e‑banking portal/app or offline at a branch—and enjoy a reliable investment route for long-term savings. view comments First Published: July 14, 2025, 15:49 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
5 days ago
- Business
- News18
Post Office FD Scheme 2025: Interest Rates, Features And How To Invest
Last Updated: It is suitable for people who are not willing to take risks, such as housewives and senior citizens. The Post Office Fixed Deposit (FD) Scheme is considered one of the safest investment options, as it is backed by the Government of India. In an environment of frequent market fluctuations, many investors seek stability and assurance, making this scheme an attractive choice for those looking for guaranteed returns with minimal risk. What Is Post Office FD Scheme? It is a scheme offered by the India Post, where investors deposit a lump sum amount for a fixed period of time and earn interest at a guaranteed rate. It is suitable for people who are not willing to take risks, such as housewives and senior citizens. Post Office FD Scheme Repayment Tenure You can choose a deposit tenure of 1, 2, 3, or 5 years, as per your preference. Post Office FD Scheme Interest Rate The Post Office Fixed Deposit (FD) Scheme offers competitive interest rates that vary based on the tenure of the deposit. The interest rate starts at 4% per annum, with a 1-year deposit earning 6.9%, a 2-year deposit offering 7.0%, a 3-year deposit providing 7.1%, and a 5-year deposit yielding the highest return at 7.5% per annum. These government-backed rates make the scheme an attractive and secure investment option, particularly for individuals seeking steady returns without market-related risks. The minimum deposit amount is Rs 1,000, and there is no maximum limit. How to open a Post Office FD Account? You can do it either offline at a nearby post office or online. Go to the Post Office branch. Collect the 'Post Office Time Deposit Account" form. Fill in the details such as name, address, contact number, deposit amount, tenure, and mode of payment. Submit the document such as ID proof, Address proof and passport size photo. Deposit the amount via cash or cheque. You can also choose the savings account transfer option if you already have a post office savings account. You will then receive an acknowledgement receipt and a time deposit certificate. Online method: Visit the official website of the Indian Post. Click on the Open TD Account. Select the amount to invest, deposit tenure and mode of debit. Verify details and submit. Your FD account will be created instantly. After this, you will receive a confirmation receipt online. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
