Post Office Time Deposit Account: Fixed Deposit is generally considered a safe investment. In the post office it is called Post Office Time Deposit Account (TD). If you do a FD at the post office, it becomes even more secure. The interest on the deposit amount, like FD, is paid on an annual basis, but the interest is calculated on a quarterly basis. Getting FD at the post office is very easy. According to the website of India Post, you can keep the FD in the post office for 1, 2, 3, 5 years.
At the post office, a person can open his account by giving a check or money to the FD, such as a post office time deposit account. If this FD account is opened by check, keep in mind that the date on which the money is deposited into a government account is considered the FD account opening. It takes at least 1000 rupees to open an account. There is no limit to the maximum amount that should be credited to this account.
If you do FD at the Post Office (current interest rate on Post Office FD), you will currently receive 5.5 percent to 6.7 percent interest for one to five years FDs. You get 6.7 per cent interest on FD for five years. Read more – There are 4 major savings plans in the Post Office that will brighten your children’s future
If you are moving to a city or location, you can transfer the FD you made to the Post Office to the Post Office you go to. An FD account can be transferred from one post office to another post office.
India post ( , India | the Post ), according to the website, you have a personal FD account, you can convert it into a joint account. Similarly, if you have a joint account, you can transfer it back to the same account. Also Read – Earn Income With The Post Office Plan This Month
The Post Office also has the option to add or change the FD nominee. You can add or change the nominee even after opening the account. You can also open an FD account in the name of minors. But when he / she becomes an adult he will have to apply for account transfer in his name. To read more interesting stories in the Kannada language of Hindustan Zee Kannada mobile app for download on the Android Link With, … – httpsbitly3hDyh4G that Apple uses in Link With – httpsappleco3loQYe our social media pages to the Sub-Scribe Share to TwitterShare , Click on Facebook Links.
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