The features of FD accounts are similar to that of RD accounts. However,
it is the interest rate and the minimum amount that differs.
Interest rates:
Interest rates from January 1, 2018, for Post office FD accounts, are:
Period Rate:
Minimum amount required for the opening of post office FD account
Subscribers need to deposit a minimum of Rs 200 to open an account.
However, there is no maximum balance that can be retained.
Interest rates:
Interest rates from January 1, 2018, for Post office FD accounts, are:
Period Rate:
|
Period
|
Rate
|
|
1-year A/c
|
6.6%
|
|
2-year A/c
|
6.7%
|
|
3-year A/c
|
6.9%
|
|
5-year A/c
|
7.4%
|
Minimum amount required for the opening of post office FD account
Subscribers need to deposit a minimum of Rs 200 to open an account.
However, there is no maximum balance that can be retained.
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