5.50% - 6.70%
Interest rates
1 year - 5 years
Time Period
₹200 - no limit
Min. - Max amount
QUARTERLY
Compounding
About Post Office
Read More
| Started On | 1854 |
| Head Quarters | New Delhi |
| CRISIL Rating | NA |
| CEO | NA |
| Listed on exchange as | NA |
| ICRA Rating | NA |
Latest Post Office Interest Rates
| Tenure | Regular customers | Senior 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
| Name | Tenure | Interest rate | |
|---|---|---|---|
AXIS Bank | 3 months - 10 years | 2.50% - 5.75% | Deposit Now |
SBI Bank | 3 Months - 10 Years | 2.90% - 5.40% | More Details |
Equitas Bank | 3 months - 10 years | 3.50% - 6.50% | Deposit Now |
Bajaj Finance | 1 year - 5 years | 5.65% - 6.50% | Deposit Now |
HDFC Bank | 3 months - 10 years | 2.50% - 5.50% | More Details |
ICICI Bank | 3 months - 10 years | 2.50% - 5.50% | More Details |
Canara Bank | 3 months - 10 years | 2.95% - 5.50% | More Details |
Bank of Baroda | 3 months to 10 years | 2.80% - 5.25% | More Details |
Punjab National Bank | 3 months - 10 years | 3.00% - 5.25% | More Details |
IDBI Bank | 3 months - 20 years | 2.70% - 4.80% | More Details |
Indian Bank | 3 months - 10 years | 2.90% - 5.25% | More Details |
UCO Bank | 3 months - 10 years | 2.75% - 5.00% | More Details |
Yes Bank | 3 months - 10 years | 3.25% - 6.50% | More Details |
Bank of India | 3 months - 10 years | 2.85% - 5.15% | More Details |
Union Bank of India | 3 months - 10 years | 3.00% - 5.60% | More Details |
RBL Bank | 3 months -20 years | 3.25% - 6.00% | More Details |
Indian Overseas Bank | 3 months - 10 years | 3.40% - 5.20% | More Details |
IDFC First Bank | 3 months - 10 years | 2.75% - 4.20% | More Details |
LIC | 1 Year - 5 Years | 5.25% -6.00% | More Details |
Saraswat Bank | 3 Months - 10 Years | 3.10% - 6.35% | More Details |
City Union Bank | 3 Months - 10 Years | 3.00% - 5.25% | More Details |
Co-operative Banks | 1 Year -5 Years | 6.00% - 6.35% | More Details |
Bandhan Bank | 3 months - 10 years | 3.00% - 5.00% | More Details |
DBS Bank | 3 months - 10 years | 2.50% - 5.50% | More Details |
Citibank | 3 months - 5 years | 1.85% - 3.5% | More Details |
ICICI Home Finance | 1 year - 10 years | 5.70% - 6.65% | More Details |
Federal Bank | 3 months - 10 years | 2.5% - 5.6% | More Details |
AU Small Finance Bank | 3 months - 10 years | 3.5% - 6.25% | More Details |
Fincare Small Finance Bank | 3 months - 7 years | 3.00% - 5.50% | More Details |
Jana Small Finance Bank | 3 months - 10 years | 2.5% - 6% | More Details |
Ujjivan Small Finance Bank | 3 months - 10 years | 3.05% - 5.80% | More Details |
Utkarsh Small Finance Bank | 3 months - 10 years | 3.00% - 6.75% | More Details |
Karnataka Bank | 3 months - 10 years | 3.40% - 5.60% | More Details |
Karur Vysya Bank | 3 months - 10 years | 3.25% - 3.50% | More Details |
Jammu and Kashmir Bank | 3 months - 10 years | 2.90% - 4.00% | More Details |
South Indian Bank | 3 months - 10 years | 3.50% - 5.50% | More Details |
Punjab and Sind Bank | 3 months - 10 years | 3.00% - 5.30% | More Details |
Standard Chartered Bank | 7 days - 5 years | 1.75% - 5.35% | More Details |
HSBC Bank | 7 days - 5 years | 2.25% - 4.00% | More Details |
Shriram Transport Finance | 1 year - 5 years | 7.01% - 7.95% | More Details |
Tamilnad Mercantile Bank | 3 months - 10 years | 3.50% - 5.50% | More Details |
IndusInd Bank | 3 months - 10 years | 2.50% - 5.50% | More Details |
Bank of Maharashtra | 3 months to 10 years | 2.75% -4.90% | More Details |
Central Bank of India | 3 months - 10 years | 2.75% - 5.00% | More Details |
Kotak Mahindra Bank | 3 months - 10 years | 2.50% - 5.25% | More Details |
DHFL | 1 year - 10 years | 8.25% - 8.95% | More Details |
DCB Bank | 3 months - 10 years | 4.35% - 5.95% | More Details |
FAQs
What is the highest interest rate Post office fixed deposit offers?
What is the minimum deposit required to open a post office fixed deposit account?
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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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