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A post office fixed deposit (FD) is a savings instrument that allows an individual to make a lump-sum deposit for a certain period of time in order to earn a certain amount of interest. It may appeal to risk-averse investors seeking a government-backed investment with a fixed interest rate and a defined tenure, particularly those who are comfortable keeping their money invested until maturity. The Post Office provides several types of FDs, each of which has its own maturity period. Therefore, a prospective investor should research and analyze the interest rate, tenure, withdrawal conditions, and other factors.
Key Takeaways:
Post Office FD interest rates refer to the rate on the amount of money deposited in a post office fixed deposit for a given period of time. Simply put, they determine the interest that one earns on their deposits. The rate on FD deposit is determined by its tenure. The rates are declared for certain time periods and may change during this time frame. Therefore, being aware of the current applicable rate is important in order to know how much interest you would earn on your Post Office FD.
Post Office Small Savings Schemes refer to different schemes that allow persons to save money and earn interest thereon. The schemes differ in terms of tenure, the applicable rates of interest, and the manner in which the interest is paid or compounded. The rates of interest applicable for the period July to September 2026 are indicated below.
Post Office Small Savings Schemes are varied with regard to the investment period, interest requirements, and financial objectives. By comparing the available rates of interest and the manner in which it is paid, as reflected above, the investor will be in a position to understand his options.
Disclaimer: The interest rates indicated above are applicable for the period 01.07.2026 to 30.09.2026. The interest rates may change at any time and are therefore subject to change.
Post Office savings schemes offer unique saving avenues with different returns depending upon the investors’ savings pattern. Different kinds of post office saving schemes provide various interest rates, tenures, and payment modes.
Post Office savings schemes differ in their interest rates and payment modes for the investors having divergent financial requirements. By comparing the interest rates, tenure, taxation, liquidity and other features of these schemes, investors can assess which options may suit their financial goals and preferences.
Disclaimer: The above-mentioned interest rates are applicable on the given schemes. These rates are subject to change from time to time.
The services offered by the Post Office are helpful for customers to open, operate, transfer, and close savings accounts. They must know the essential eligibility criteria and charges for a hassle-free experience while availing of these services.
*T&C Apply
Fill out the relevant form to avail eBanking services at the concerned post office. After the request is processed, an activation SMS is sent to your registered mobile number. The eBanking service allows users to open RD and TD accounts, make RD deposits, repay PPF loans, make eligible PPF withdrawals, transfer funds within the Department of Posts, view transaction details, and raise specific service requests such as stop-cheque requests.
Nomination is mandatory at the time of opening the account and can be done for up to four beneficiaries. It can be changed by submitting the required form and processing fees.
The post office accounts can be transferred from one CBS post office to another. Similarly, the PPF, SSA, and SCSS accounts can be transferred from one bank to another or from a bank to a post office on submitting the required form, passbook, and demand draft along with the processing fees.
The maturity amount of up to Rs. 20,000 can be paid in cash. However, an amount exceeding Rs. 20,000 can be paid through an account payee check post office savings account. or transferred to the Post Office Savings Account.
The documents required for the death claim depend on whether the nomination or legal documents are submitted. The claim form, death certificate, passbook, and proof of address and identity are required for the claim.
Note: Applicable taxes are levied on the service charges.
Post Office account services include straightforward criteria and charges. It is advisable for customers to get an idea about the documents to be produced and the charges beforehand to avoid any inconvenience.
Disclaimer: The aforementioned service charges and procedures are subject to change and are based on the given information.
Post Office FDs can be a good option for investors looking for a fixed-tenure deposit with government backing. The tenure depends on the investor's needs and the income-tax position. Before making the investment decision, compare the interest rate, premature withdrawal provisions, and tax impact for Post Office FDs and bank FDs to make the most suitable choice.
At present, accounts can be opened at post offices by submitting the account opening form and required KYC documents. The initial deposit can be made through cash, cheque or demand draft.
The account opening form, PAN, Aadhaar, and other requisite documents to establish identity and address may be required to open an account. The documents may vary depending upon the type of account proposed to be opened.
Yes. An account can be transferred from one CBS Post Office to another CBS Post Office by submitting the account transfer form and passbook and paying the prescribed transfer fee.
Yes. An account holder of a post office may transfer his/her PPF/SCSS account either from a bank to the post office or from the post office to a bank, subject to submission of requisite documents and following the prescribed procedure.
Nomination is available when opening a deposit account, and a depositor can nominate one or more persons, up to a maximum of four. The nominees can be registered either simultaneously or successively, as permitted under the applicable rules.
The amount due to the policy on maturity of the policy is payable in cash if it is less than ₹ 20,000. The amount of the maturity of the policy is paid through an account payee check or credited to the post office savings account if it is equal to or above ₹ 20,000.
The documents needed to claim the money depend on whether there is a nominee or legal evidence. The documents may include the claim form, death certificate, passbook, and proofs of identity and address.
Yes, the account is opened in the minor’s name, with the guardian’s details and required KYC documents provided. Once the minor becomes a major, the account can continue, but the bank must obtain a fresh photograph and ensure the required KYC documents are available.
The account transfer fee is charged in accordance with the schedule given below.
The account transfer fee is ₹100, besides the taxes levied.
Customers can use Post Office mobile banking for fund transfers, loan repayment, account transactions, and accessing account information, including balance enquiries and mini statements.
