Time Deposit Account
Get comprehensive insights, tips, and strategies for maximizing your TD investment
The Post Office Time Deposit Account is a fixed deposit scheme where you can invest a lump sum amount for a fixed period and earn guaranteed returns with government-backed interest rates. You can open unlimited accounts under this scheme, making it a flexible and secure option for your savings.
Interest earned is taxable. TDS applicable if interest exceeds ₹40,000.
The TD is a government-backed savings scheme with guaranteed returns, making it ideal for risk-averse investors. To get the most out of this scheme, invest consistently for the full tenure and avoid premature withdrawals unless absolutely necessary.
With a fixed interest rate of 7.5%, your investment will grow steadily over time. You can also combine this scheme with others like TD or NSC for a diversified and tax-efficient portfolio.
Use the calculator above to try different investment amounts and durations to plan your future savings better. You’ll be able to compare maturity amounts and see how your money grows over time.
Disclaimer: This article is for educational purposes. Always consult your financial advisor before making investment decisions.
Use our calculator to compare different investment amounts and see how your money grows over time.
