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HomeFinanceHere are the advantages of Post office FD, see details

Here are the advantages of Post office FD, see details

You additionally get many sorts of facilities by making FD (Post office fixed deposit) in the Post office. Interestingly, you likewise get a government ensure in this.

New Delhi: If you additionally need safe benefits in little investments, then, at that point, there is a superior choice for you. You can put resources into the decent deposit plan of the post office. By making FD (Post office fixed deposit) in the post office, you get numerous different facilities alongside interest. Interestingly, alongside the benefits, government assurance will likewise be accessible. In this, you get the facility of Post Office FD Interest Rate on quarterly premise.

Simple to get FD in Post office


Getting FD in the post office is additionally exceptionally simple. India Post has given this data on its site. As indicated by this data, you can get FD in the post office for various 1,2, 3, 5 years.

Advantages accessible in this plan.

  1. The Government of India gives you an assurance on making FD in the Post office.
  2. In this, the cash of the investors is totally protected.
  3. FD in this should be possible through offline (money, check) or online (net banking/mobile banking).
  4. In this you can accomplish more than 1 FD.
  5. Aside from this, FD account can be joint.
  6. In this, by setting aside a decent installment for quite a long time, you will get tax exemption at the hour of filing ITR.
  7. One can without much of a stretch exchange FD starting with one post office then onto the next post office.

Know how to open FD

To finish FD at the post office, you can open an account by paying check or money. In this, accounts can be opened with at least Rs 1000 and there is no restriction to deposit the most extreme sum.

Enormous interest is accessible on FD

Under this, 5.50 percent premium is accessible on FD of 7 days to one year. A similar interest is additionally accessible on FDs of 1 year 1 day to 2 years. Simultaneously, premium is likewise accessible on FD as long as 3 years at the pace of 5.50 percent. 6.70 percent premium is accessible on FDs from 3 years one day to 5 years. That is, here you will get great benefit on FD.

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