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Post Office TD Account Interest Rate / Calculator / Form – National Saving Time Deposit Scheme (New)

Time Deposit (TD) Account is a Post Office Savings Scheme which provides capital protection for definite time period, post office td interest rate 2019 is 6.9% to 7.7% p.a. which can be calculated using post office td calculator and post office td calculator 2019 is available online, fill post office td form, check new National Saving Time Deposit Scheme Notification

Post Office Time Deposit Account is similar to the Fixed Deposit Account in banks where any person can save their money for a definite time period. In PO TD Account, Indian Post Offices provides guaranteed returns. Post Office TD Interest Rate 2019 lies between 6.9% to 7.7% based on the number of years (1, 2, 3, 5) of term deposit. People can easily calculate their post office td interest earned through td calculator. People can fill post office td form through indiapost.gov.in. The Finance Ministry has notified new National Savings Time Deposit Scheme, 2019 vide GSR 922 9E dated December 12, 2019.

People can open their td account through filling the application form and make fixed deposit for a definite time in PO. Before opening the account, people must check the post office td interest as it is different for different time period. Moreover, people can calculate td interest as per the current rates through Post Office TD Calculator 2019.

People can also compare other Post Office Schemes like National Saving Certificate (NSC), Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Sukanya Samriddhi Yojana (SSY), Post Office Savings Account, Senior Citizen Saving Scheme (SCSS), Recurring Deposit, Monthly Income Scheme (MIS) – check nsc vs ppf vs kvp vs ssy vs td vs scss vs rd vs mis vs post office savings scheme. People can Compare All Post Office Schemes 2019 before making investment.

Time Deposit Account Interest – Post Office TD Interest Rate 2019

TD Account can be opened in any Post Office across India. Any individual can open this account in the name of a minor or for himself or also can open joint account to earn guaranteed interest. Post Office TD Interest Rate 2019 (effective from 1 October 2019) is 6.9% for 1 year term deposit, 6.9% for 2 year term deposit, 6.9% for 3 years term deposit account and 7.7% for 5 year term deposit account.
Time Deposit Interest Rate (%) over the Years

Maturity Period 2019 2018 2016-17 2015-16 2014-15 2013-2014
1 Year Time Deposit 6.9% 6.6% 7.1% 8.4% 8.4% 8.2%
2 Year Time Deposit 6.9% 6.7% 7.2% 8.4% 8.4% 8.2%
3 Year Time Deposit 6.9% 6.9% 7.4% 8.4% 8.4% 8.3%
5 Year Time Deposit 7.7% 7.4% 7.9% 8.5% 8.5% 8.4%

Post Office TD Interest is calculated quarterly but is payable annually. Any person can open any number of td accounts in post office. Even Post Office td account can be transferred from one post office to another. Any individual can open td account in cash or through cheque. People can also open TD account (FD) in various nationalized and private banks like SBI, Canara Bank, Axis Bank, HDFC Bank, ICICI Bank.

To open an account, people can download the application form in PDF Format through the link – Post Office TD Form PDF. The TD account can be opened by a single adult, three adults in joint names, a minor below 10 years of age or a guardian on behalf of a minor or a person on unsound mind. An individual can have more than one TD account in his name or jointly with another.

Post Office TD Premature Closure & Tax Benefits

All the deposits made in the term deposit account are allowed for withdrawal through td premature closure. TD Account is liquid despite the lock-in period. All the td accounts with lock-in (maturity) period of 5 years are eligible for tax benefits under s/c 80C of IT Act, 1961 from 1 April 2007.

However TD Accounts of 1, 2 and 3 years does not gets tax exemption under 80C. The following points are applicable in case of post office td premature closure which are as follows:-

  1. TD Account is risk free and candidates can make premature closure of their td accounts after 6 months of initial deposits.
  2. In case the td premature closure period is between 6 months to 1 year than the subscribers will get an interest rate of 4%.
  3. After 1 year, post office td interest is 1% less than the interest earned on the deposit for specific tenure earns.

If a 5-year Time Deposit account is closed after four years from the date of deposit, the rate admissible for three-year Time Deposit account will be applicable for calculation of interest. Also, any interest already paid on the deposit will be recovered from the amount of repayment of deposit and the interest payable. The TD account can be pledged or transferred as security, on an application made by the depositor in Form-5 supported with acceptance letter from the pledgee.

Post Office TD Calculator 2019 – Maximum / Minimum Amount

Candidates can open his account with minimum Rs. 1000 and can make subsequent deposits in multiples of Rs. 100. There is no limit on the maximum amount of deposits in TD Account. People can keep a track of their records and calculate their interest using POTD Passbook with rules applicable to the account.

In case the TD deposits get matured in any CBS Post office then the same TD account will automatically gets renewed for the same period for which the initial account was opened. For eg – Any 2 years TD Account can automatically gets renewed for 2 years after maturity. An account holder can get the interest income credited to his/her savings bank account. In case the depositor doesn’t withdraw the annual interest earned on his deposited amount, it won’t earn any additional interest, according to the scheme.

Compare All Post Office National Savings Schemes

People can compare various post office saving schemes on the basis of Post Office Interest Rates Table 2019, Lock In Period (Maturity), Minimum / maximum account balance and risk factor involved through the table below:-
NSC vs PPF vs KVP vs SCSS vs RD vs TD vs SSY vs MIS vs PO Savings Account

Post Office Schemes Interest Rate 2019 Lock in Period Minimum / Maximum Investment
National Saving Certificate (NSC) 7.9% compounded p.a but payable at maturity 5 Years Minimum amount is Rs. 100 and no Maximum limit
Public Provident Fund (PPF) 7.9% compounded yearly 15 Years Minimum amount is Rs. 500 and Maximum amount is Rs. 1.5 lakh
Kisan Vikas Patra (KVP) 7.6% compounded yearly 9 Years 10 Months Minimum amount is Rs. 1000 and no Maximum limit
Senior Citizen Saving Scheme (SCSS) 8.6% p.a from 31 March / 30 Sept / 31 December 5 Years Minimum Deposit is Rs. 1000 and Maximum Rs. 15 lakh
Recurring Deposit (RD) 7.2% p.a compounded quarterly 5 Years Minimum Rs. 10 per month and Maximum no limit
Time Deposit Account (TD) 6.9% to 7.7% p.a calculated quarterly 1 to 5 Years Minimum Rs. 200 and no Maximum Limit
Sukanya Samriddhi Yojana (SSY) 8.4% p.a compounded annually Till 21 years Minimum Rs. 250 and Maximum Rs. 1.5 lakh
Post Office Monthly Income Scheme (MIS) 7.6% per year payable monthly 5 years Minimum Rs. 1500 and Maximum Rs. 4.5 lakh
Post Office Savings Account 4% p.a No Lock In Period Minimum Balance Rs. 50 (non-cheque) and Rs. 500 (cheque) and Maximum Rs. 1 lakh

Time Deposit Account Interest Rate 2019 is similar to the Interest of RD. Moreover, RD Interest is paid quarterly while TD Interest is paid yearly but calculated quarterly. People can also make td login at website of Post Office TD Account Check Online.

New National Saving Time Deposit (TD) Scheme Nomination Facility

Subscribers are allowed to multiple accounts in any post office as well as joint TD accounts. People can open this type of account in the name of a minor below 10 years or for themselves. Nomination Facility is available at the time of account opening and even after opening the td account.

In TD accounts, subscriber can operate more than 1 accounts in individual capacity or jointly. After 10 years, minor must convert TD account in his name. There is no maximum limit on the deposits made by an individual. People can convert their single account to joint account and vice versa.

Post Office Time Deposit – Highlights at a Glance

All the people who want to save their money for a defined time period and assured returns can open a TD Account. The important features and highlights of Post Office TD Account are as follows:-
Time Deposit Account – Post Office TD Calculator and Salient Features

TD Interest Rate 2019, Periodicity Minimum Term Deposit Account Opening Balance and Maximum Balance
TD Interest Rate 2019 currently varies from 6.9% to 7.7% per annum quarterly calculated while payable yearly (effective from 1 October 2019). This post office td interest is 6.9% for 1 year account, 6.9% for 2 year account, 6.9% for 3 year account and 7.7% for 5 year account. Minimum td account opening balance is Rs. 1000 and candidates can deposit any further amount in multiples of 100. There is no maximum limit.
Important Features
  • All the subscribers who wishes to open td account in PO can deposit the initial money through cash / cheque. In case of cheque, the date of realization of cheque in Govt. account shall be date of opening of account.
  • Any Indian Resident can open this td account. 2 or more adults combined can open Joint Account.
  • Subscribers can transfer their td account from 1 post office to other.
  • Any subscriber can open any number of td accounts in a post office.
  • A individual can also open TD Account in the name of a minor. Minors above 10 years of age can open as well as operate their td accounts in Post Offices. For this, minors have to fill a conversion form to convert account in his name.
  • Even 2 or more adults can open a joint account which they both can operate. For this, both the joint account holders must furnish their details in the Post Office.
  • Facility of Nomination is available at the account opening time and even after the account opening.
  • Post Office offers a facility of conversion of Single TD Account into Joint TD Account and vice versa.
  • 5 years Time Deposits are eligible for tax rebate under s/c 80C of IT Act.
  • Time Deposit Account automatically gets renewed after specified time duration.

 

Post Office TD Account Interest Rate / Calculator / Form – National Saving Time Deposit Scheme (New)
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