6 Things To Know About Post Office Time Deposit Scheme

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Fixed Income

Post Office Time Deposit accounts are short-term investment avenues offering guaranteed fixed income.

Fixed returns


Account holders can choose a lock-in period of one, two, three, and five years, offering 6.9, 7.0, 7.1, and 7.5 per cent, respectively. 

Interest rates

Deposit Limits

The minimum investment is Rs 1,000; after that, in multiples of Rs 100. There is no defined maximum limit.

Minimum and Maximum Limits


One can open an individual or a joint account with up to three adult members. Children older than 10 can also open an account, provided they are under the supervision of an adult member. 

Eligibility Criterion

Tax Relief

A Post Office Time Deposit account for five years offers tax relief under Section 80C of the Income-tax Act, 1961. 

Tax Benefits

Premature Exit

A premature exit is allowed under certain conditions. No withdrawals are permitted before six months from the date of deposit.

Compiled By Himani Verma

Exit Before Maturity

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