Post Office Savings Schemes at a glance - Time Deposit Account

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Time Deposit:

1. . Can be opened in multiple of Rs.200 without any maximum limit.
2. A depositor can open more than one account in his name or jointly in the same Post Office.
3. Rate of interest per annum   (With effect from 01.12.2011)		Period of Deposit Rate of interest per annum ( Compounded quarterly ) 1 Year 7.7 2 Years 7.8 3 Years 8.0 5 Years 8.3
4. No premature closure before 6 months
5. . If closed after 6 months but before 1 year :          Normal Savings Account interest applicable from time to  time shall be payable. The rate of interest shall be 3.5% up to the period 30.11.2011 and 4% thereafter.
6.  In case of premature closure of 2 Year, 3 Year or 5 Year account which were opened even before 1.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit, interest on such deposits shall be calculated at the rate, which shall be one per cent less than the rate which was applicable at the time of opening of TD account.
Premature closure Interest Rate tables for T D Accounts opened prior to 01.12.2011						Premature closure Interest Rate tables for T D Accounts  opened on or after 01.12.2011
	As per 5.25%		As per 5.5%	As per 6.25%			As per 6.7%	As per 6.8%	As per 7%
200	210.709		211.229	212.796		200	213.740	213.951	214.372
400	421.417		422.458	425.592		400	427.481	427.901	428.744
600	632.126		633.687	638.388		600	641.221	641.852	643.115
800	842.834		844.916	851.184		800	854.962	855.803	857.487
1000	1053.543		1056.145	1063.980		1000	1068.702	1069.754	1071.859
2000	2107.085		2112.290	2127.960		2000	2137.405	2139.507	2143.718
3000	3160.628		3168.434	3191.940		3000	3206.107	3209.261	3215.577
4000	4214.171		4224.579	4255.921		4000	4274.809	4279.015	4287.436
5000	5267.713		5280.724	5319.901		5000	5343.511	5348.769	5359.295
6000	6321.256		6336.869	6383.881		6000	6412.214	6418.522	6431.154
7000	7374.799		7393.014	7447.861		7000	7480.916	7488.276	7503.013
8000	8428.341		8449.158	8511.841		8000	8549.618	8558.030	8574.872
9000	9481.884		9505.303	9575.821		9000	9618.320	9627.784	9646.731
10000	10535.427		10561.448	10639.802		10000	10687.023	10697.537	10718.590
20000	21070.853		21122.896	21279.603		20000	21374.045	21395.075	21437.181
30000	31606.280		31684.344	31919.405		30000	32061.068	32092.612	32155.771
40000	42141.707		42245.792	42559.206		40000	42748.090	42790.149	42874.361
50000	52677.133		52807.240	53199.008		50000	53435.113	53487.687	53592.952
60000	63212.560		63368.689	63838.810		60000	64122.135	64185.224	64311.542
70000	73747.987		73930.137	74478.611		70000	74809.158	74882.761	75030.132
80000	84283.413		84491.585	85118.413		80000	85496.180	85580.299	85748.723
90000	94818.840		95053.033	95758.215		90000	96183.203	96277.836	96467.313
100000	105354.267		105614.481	106398.016		100000	106870.225	106975.374	107185.903

Compiled by : Bruhaspati Samal, Secretary, AIPEU, Gr.-C, Bhubaneswar Division and Postmaster, Sahidnagar MDG, Bhubaneswar – 751 007