Post Office FD Calculator - Post Office Fixed Deposit

Dheeraj Budhori
April 03, 2023
Post Office FD Calculator

Post Office FD Calculator









Interest rate: The interest rate offered on Post Office FD varies depending on the tenure.

  • For 1 year - 6.80% p.a.
  • For 2 years - 6.90% p.a.
  • For 3 years - 7.00% p.a.
  • For 5 years (including tax-saving FD) - 7.50% p.a.

Post Office Fixed Deposit (FD) is one of the most popular savings schemes offered by the Indian postal system. The scheme is similar to fixed deposit schemes offered by banks, but with some key differences. The Post Office FD is a safe investment option that provides guaranteed returns and is backed by the Government of India.

Features of Post Office FD in India:

  1. Minimum and maximum deposit amounts: The minimum amount that can be deposited in a Post Office FD is Rs. 1,000, and there is no maximum limit.
  2. Tenure: The tenure of a Post Office FD can range from 1 year to 5 years.
  3. Interest rate: The interest rate offered on Post Office FD varies depending on the tenure.
    • For 1 year - 6.80% p.a.
    • For 2 years - 6.90% p.a.
    • For 3 years - 7.00% p.a.
    • For 5 years (including tax-saving FD) - 7.50% p.a.
  4. Interest payment: The interest on the deposit is paid out annually, and at the time of maturity, the principal amount along with the accumulated interest is paid back to the investor.
  5. Tax benefits: Investments made in Post Office FDs for a period of 5 years are eligible for tax deductions under Section 80C of the Income Tax Act.
  6. Nomination facility: The Post Office FD scheme provides a nomination facility where the investor can nominate one or more persons to receive the benefits of the deposit in case of their death.

Benefits of Post Office FD in India:

  1. Guaranteed returns: Post Office FD provides guaranteed returns, which means the investor knows exactly how much they will earn on their investment at the time of maturity.
  2. Safe investment: Post Office FDs are backed by the Government of India, making it a safe investment option.
  3. High-interest rates: The interest rates offered on Post Office FDs are higher compared to savings accounts offered by banks.
  4. Flexible investment options: Investors can choose the tenure of their investment based on their financial goals.
  5. Easy to invest: Investing in a Post Office FD is easy and hassle-free. One can visit the nearest post office and fill out the necessary forms to invest.