Post Office FD Details

 Post Office FD 

            There are many ways to invest in a post office. Here you can invest in Fixed Deposits i.e. FD and Post Office Recurring Deposit.

         If you are thinking of investing in any of these for a long time, you should do your homework a little earlier.

                  

            

      Here we are trying to understand how much income is paid if we open an FD account at the post office for five years and make a Post Office Fixed Deposit for five years.

                         

    The fixed deposit account is called the National Savings Time Deposit Account at the post office. Here you can open an FD account for a minimum of 1000 rupees and get over 100 FD money as desired. There is no limit to the amount in it.

     You can invest any amount above 10 rupees. There is no limit to investing in it. At present the interest rate on post office fixed deposits (5 years) is 5.8 per cent per annum. The interest rate is calculated on a quarterly basis. After five years of maturity, the account can be further extended.