How to open Fixed Deposit (FD) in Post Office.

Hey, Guys are you looking to open fixed deposit in post office, well it is a good decision but i have some questions for you that do you know what is fixed deposit and why we open this account and what are the benefits that can i avail. At last how to open FD in post office. which document required to open it. Don’t worry…

post office fixed deposit

I am here and solve all your doubts. Let’s starts one by one.

What is Fixed Deposit

Fixed deposit is a scheme or a type of deposit where people can open account in the any branch of post office. Fixed deposit is also knows for Term deposit (TD) and it is the account where people deposit a fixed amount like 1000 or 50000 or any amount that he/she want but not less than 1000 and have no maximum limit But Fixed for Maximum years like 1 years, 2 years, 3 yrs, 4 yrs, and 5 years only.

Interest Payable

Do you know that interest payable annually to the payer but calculated quarterly. This is the best advantage of this Fixed Deposit.

In short word you will get higher amount of return. For Eg. if current interest rate is 6.9 % but you will get more than 6.9% effective in a year.

Who can Open Fixed Deposit

Any citizen of India who has completed or over 18 years can open in account.

  • A single account can be open
  • Joint account also open up to 3 adults namely Joint A and Joint B
  • A minor can open but on the behalf of their guardian.
  • A minor above 10 years in his own name

Limit of no. of account.

Did you know that per person can open only one single saving account but in this Fixed Deposit account there is no limit which is very very good for the depositor. They can open any no. of account and avail this full benefits.


Deposit amount with full interest is repayable after the expiry of 1 years, 2 yrs, 3 yrs, 4 yrs, 5 yrs from the date of opening

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