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Any individual (a single adult or two adults
jointly) can open an account.
Group Accounts, Institutional Accounts and Misc.
account not permissible.
Trust,
Regimental Fund or Welfare Fund not permissible to invest.
1 Year, 2 Year, 3 Year and 5 Year TD can be opened.
2, 3 & 5 Year TD Accounts can be closed after one
year at a discount.
Rate of interest - 6.25%, 6.50%, 7.25%, 7.5%
compounded quarterly for 1,2,3 &5 years TD account respectively
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Type of Account |
Minimum Deposit |
Maximum Deposit |
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1,2,3 & 5 Year TD |
Rs.200/- and in
multiples of Rs. 200/- thereafter |
No limit. |
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Post Office Savings Bank -
The safest investment
"
Save today-Smile tomorrow "
"Pay Day is your Savings Day "
Time Deposit Rules |
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