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Post Office Savings Schemes at a glance - Time Deposit Account

Post Office Savings Schemes at a glance - Time Deposit Account


1. . Can be opened in multiple of Rs.200 without any maximum limit.
2. A depositor can open more than one account in his name or jointly in the same Post Office.
3. Rate of interest per annum (With effect from 01.12.2011)
Period of Deposit
Rate of interest per annum ( Compounded quarterly )
1 Year
7.7
2 Years
7.8
3 Years
8.0
5 Years
8.3
4. No premature closure before 6 months
5. . If closed after 6 months but before 1 year :
Normal Savings Account interest applicable from time to time shall be payable. The rate of interest shall be 3.5% up to the period 30.11.2011 and 4% thereafter.
6. In case of premature closure of 2 Year, 3 Year or 5 Year account which were opened even before 1.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit, interest on such deposits shall be calculated at the rate, which shall be one per cent less than the rate which was applicable at the time of opening of TD account.
Premature closure Interest Rate tables for T D Accounts opened prior to 01.12.2011

Premature closure Interest Rate tables for T D Accounts opened on or after 01.12.2011

As per 5.25%
As per 5.5%
As per 6.25%

As per 6.7%
As per 6.8%
As per 7%
200
210.709
211.229
212.796
200
213.740
213.951
214.372
400
421.417
422.458
425.592
400
427.481
427.901
428.744
600
632.126
633.687
638.388
600
641.221
641.852
643.115
800
842.834
844.916
851.184
800
854.962
855.803
857.487
1000
1053.543
1056.145
1063.980
1000
1068.702
1069.754
1071.859
2000
2107.085
2112.290
2127.960
2000
2137.405
2139.507
2143.718
3000
3160.628
3168.434
3191.940
3000
3206.107
3209.261
3215.577
4000
4214.171
4224.579
4255.921
4000
4274.809
4279.015
4287.436
5000
5267.713
5280.724
5319.901
5000
5343.511
5348.769
5359.295
6000
6321.256
6336.869
6383.881
6000
6412.214
6418.522
6431.154
7000
7374.799
7393.014
7447.861
7000
7480.916
7488.276
7503.013
8000
8428.341
8449.158
8511.841
8000
8549.618
8558.030
8574.872
9000
9481.884
9505.303
9575.821
9000
9618.320
9627.784
9646.731
10000
10535.427
10561.448
10639.802
10000
10687.023
10697.537
10718.590
20000
21070.853
21122.896
21279.603
20000
21374.045
21395.075
21437.181
30000
31606.280
31684.344
31919.405
30000
32061.068
32092.612
32155.771
40000
42141.707
42245.792
42559.206
40000
42748.090
42790.149
42874.361
50000
52677.133
52807.240
53199.008
50000
53435.113
53487.687
53592.952
60000
63212.560
63368.689
63838.810
60000
64122.135
64185.224
64311.542
70000
73747.987
73930.137
74478.611
70000
74809.158
74882.761
75030.132
80000
84283.413
84491.585
85118.413
80000
85496.180
85580.299
85748.723
90000
94818.840
95053.033
95758.215
90000
96183.203
96277.836
96467.313
100000
105354.267
105614.481
106398.016
100000
106870.225
106975.374
107185.903










Compiled by : Bruhaspati Samal, Secretary, AIPEU, Gr.-C, Bhubaneswar Division and Postmaster, Sahidnagar MDG, Bhubaneswar – 751 007

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