Post office FD: Top points about savings scheme
India Today
A National Savings Time Deposit Account can be opened with minimum of Rs 1000.
The post office offers popular schemes. One of them is the National Savings Time Deposit Account (TD). It is like the traditional fixed deposit (FD).
Investors are given options of opening one year, two-year, three-year and five-year accounts.
A National Savings Time Deposit Account can be opened with minimum of Rs 1000 and in multiple of Rs 100.
There is no maximum limit for investment.
Deposit amount will be repayable after expiry of 1 year, 2-year, 3-year, 5-year from the date of opening.
No withdrawal can be made before the expiry of six months from the date of deposit.
If the TD account is closed between 6 months and one year, the Post Office savings account interest rate of 4 per cent will be applicable.
