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Post OfficeFixed Deposit

5.50% - 6.70%
Interest rates
1 year - 5 years
Time Period
₹200 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Post Office

Post office FDs are one of the saving systems by the Indian postal service. It provides depositors with a safe and convenient method to save money if they don't have access to banks. Indian Postal Department is also known as India Post which provides its customers with Fixed Deposit options to park their surplus money and earn interest on it. The Post Office FD interest rates are one of the best rates for fixed deposits offered in India.

The frequency of people opting for post office fixed deposits is more in rural areas as compared to bank deposit schemes. The minimum deposit to be made is as low as Rs. 200 whereas there is no maximum limit under this scheme. However, the deposits made between these limits

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Started On1854
Head QuartersNew Delhi
CRISIL RatingNA
CEONA
Listed on exchange asNA
ICRA RatingNA

Latest Post Office Interest Rates

TenureRegular customersSenior citizens
1 year
5.50%
5.50%
1 year 1 day - 2 years
5.50%
5.50%
2 years 1 day - 3 years
5.50%
5.50%
3 years 1 day - 5 years
6.70%
6.70%

Features & Benefits of Post Office

  • The post office fixed deposits’ tenure ranges from 1 year to 5 years
  • Depositors can open multiple FD accounts in any of the post offices
  • Minors of 10 years of age or more can also open and manage these accounts as well
  • Minors, however, will have to apply to convert the account in their name once they hit 18 years
  • The minimum deposit amount needed to open a post office FD is Rs. 200
  • There is no cap on the maximum deposit amount
  • Joint account can also be opened by individuals, given that the account holders are two adults
  • Depositors can convert these accounts from single to joint and vice versa as per the need
  • Deposits made for a tenure of 5 years are eligible for tax benefits under section 80C of the Income Tax Act of India, 1961
  • Post Office fixed deposits can be easily transferred from one post office to another
  • The account gets renewed automatically upon maturity for the same period as it was opened previously. However, the interest rate will be applicable on the day of maturity.
  • NRI depositors cannot open a fixed deposit account in the Indian Post office
  • Nomination can be done at the time of opening the account. However, one can nominate even after opening the account
  • The account can be opened with both cash and cheque. If a depositor opts for a cheque deposit, the date of payment of the cheque in the account of the government should be the date of opening the FD account.

Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
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IDBI Bank
3 months - 20 years
2.70% - 4.80%
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Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Bank of India
3 months - 10 years
2.85% - 5.15%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
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Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
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LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
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Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
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DHFL
1 year - 10 years
8.25% - 8.95%
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DCB Bank
3 months - 10 years
4.35% - 5.95%
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FAQs

What is the highest interest rate Post office fixed deposit offers?

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What is the minimum deposit required to open a post office fixed deposit account?

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Can we take a loan against Post Office FD?

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What are the documents needed to open a fixed deposit account in a post office?

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Calculate Post Office FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Post Office
0
@5.5% p.a
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