Started On | 1854 |
Head Quarters | New Delhi |
CRISIL Rating | NA |
CEO | NA |
Listed on exchange as | NA |
ICRA Rating | NA |
Tenure | Regular customers | Senior citizens |
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Name | Tenure | Interest rate |
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A Post Office FD can be opened in any post office across India using online and offline methods-
1) Online Method
The Post Office Fixed Deposit account can be opened online by using internet banking-
2) Offline Method
One can visit the nearest India Post branch and collect the form for opening a new Post Office Fixed Deposit account. After submitting the copies of the necessary documents with completely filled-up forms, the post office administrators will guide you regarding the additional directions for the process.
The following people are eligible to operate a Postal fixed deposit-
NRIs, trusts, companies and other organisations, however, are not allowed to avail fixed deposit investments through Post Office.
Investors must furnish the following documents to deposit in the POTD scheme -
Moreover, the investor must provide details of a nominee for the FD. A witness must be present when he/she signs the investment papers as well.
What is the highest interest rate Post office fixed deposit offers?
Currently, the highest interest rate offered by post office fixed deposit is 6.70% for 5 years’ tenure.
What is the minimum deposit required to open a post office fixed deposit account?
The minimum amount required to open a Post office FD account is Rs. 200.
Can we take a loan against Post Office FD?
No, this facility is not available in post offices to date.
What are the documents needed to open a fixed deposit account in a post office?
You should have the following documents to open a post office fixed deposit account: