Post office fd interest rates 2023

Post Office FD Calculator 2023 Post Office Fixed Deposit also known as Post Office Time Deposit are one of the most preferred investment options offers by Indian Postal Services. As a government backed savings scheme, post office fixed deposit are considered one of the safest options of investment, which offers guaranteed returns. Similar to banks FDs, the interest amount of POFD schemes can be calculated by using post office FD calculator in an easy and hassle-free manner. About Post Office FD (Fixed Deposit) Scheme In post office fixed deposit scheme, the subscribers need to contribute for a specific tenure and fixed interest rate. The higher the investment tenure will be the higher interest an individual will be able to earn on the contribution made towards the scheme. Post Office FD (Fixed Deposit) Interest Rate 2023 The Post Office FD account can be opened for tenure of 1, 2, 3 and 5 years with different interest rates of specific year. The interest applicable on Post Office FD is subject to TDS. Let’s take a look at the post office FD interest rates. Tenure Rate Offered 1 year 5.5% 2 years 5.5% 3 years 5.5% 5 years 6.7% How to Calculate Interest on Post Office Fixed Deposit? By using Post Office FD calculator also known as post office TD calculator, an individual can compute the interest payout easily. To calculate the interest amount, the individual will need to use the formula of compound interest. Maturity Amount = Principal * ( 1+Interest Rate /4)^(n*4) - Where n...

• Post Office Savings Account Interest Rates 2023 • Post Office Savings Account Service Charges 2023 • Features of a Post Office Savings Account • Eligibility for Post Office Savings Account • Benefits of Opening a Post Office Savings Account • Deposit and Withdrawal from a PO Savings Account • How to Check Post Office Savings Account Balance? • How to open a Post Office Savings Account? • Documents Required To Open a PO savings account • Types of Form for Post Office Savings Account • Frequently Asked Questions The Post Office Savings Account is a With the help of this initiative, many depositors living in rural areas are able to hold an account and save their hard-earned money in a trusted deposit scheme. These individuals now hold a savings account and deposit the money rather than just holding money in cash form. In many ways, we can say that the Post Office Savings Account is similar to a savings bank account. It offers a fixed rate of interest, full and partial deposit withdrawal, internet and mobile banking, ATM card, etc. Post Office Savings Account Interest Rates 2023 • The interest rate on post office savings account (POSA) is 4% p.a.. The interest will be allowed for a calendar month on the lowest balance at the credit of an account between the close of the 10th day and the end of the month. Such interest will be credited to the account at the end of each year. • The interest will be calculated on whole rupee values only. The interest amount will be rounded off ...