Postal deposit interest rates 2018

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The minimum amount you require to open a pofd account.
Portfolio returns and allocation between equity and debt are estimated based on a number of factors including the user's risk profile, goal horizon and disclosed financial position.You can open any number of fixed deposit accounts and also transfer them from one post office to another.It should, however, be noted that the interest rate increases with the number of years you choose to apply for.The post office fixed deposit (pofd also known as post office time deposit is a convenient alternative to the fixed deposits provided by banks.If subsequent deposit is not made up to the prescribed day, a default fee is charged for each default.There no maximum limit on the deposit.Election results will be out on May.View on Map, phone:, mutual fund investments are subject to market risks.Additionally, the individual also earns an interest with the return during the maturity period.
Post office Interest rates table, period, rate 1 year.9 2 years.0 3 years.2 5 years.8.
3.Tax benefit for senior citizens, do note that with effect from, any interest received by senior citizens from deposits in Post Office would be tax exempt up to Rs 50,000 under.
Zero charges, Zero fees, no Demat account required, start with as low as 500.
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It is calculated on the basis of yield on government securities.
1249, 24th Main, 25th B Cross Road, Sector 2, HSR Layout, Bengaluru, Karnataka 560102.Under Section 80C of Income mon bonus ryobi Tax Act of India, 1961, the investment made within 5 years are eligible for tax benefits and deductions.Build Wealth 1st Floor, Vittal Square,.Rate 1 year A/c.90 2 year A/c?7.0 3 year A/c.20 5 year A/c.8?On the maturity of the account, your account can be renewed for the same tenure as it was opened in the beginning.Performance of any investment portfolio can neither be predicted nor guaranteed.However, minors have to apply for conversion of the account in their name after attaining majority.