Post Office Fixed Deposit, or Post Office Time Deposit Account, is a government-backed investment scheme. Under this scheme, investors can park their money in any post office pan India. Investments in post office FD can be initiated with a minimum amount of Rs.1,000. It is suitable for individuals seeking safe investment avenues. Let’s look into the specifics and current Post Office FD Rates 2021.
Latest Post Office FD Rates 2021
Post Office FD rates are regularly updated by the Government of India under Small Savings Schemes. The following are updated Post office FD interest rates:
|Tenure||Rate of Interest (% p.a.)|
Note: The above stated Post Office FD rates effective for the period of 1st April 2020 to 31st December 2020.
Read further to know about the features, eligibility criteria, documents required to open a Post Office Fixed Deposit, and more.
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