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Fixed Deposit & Bonds
Corporate Deposit
54 EC Bond
Infrastructure Bond
Postal Services
Post Office MIS
National Savings
Public Provident Fund
Kisan Vikas Patra
Senior Citizens Scheme
Time Deposit Scheme


  • Minimum amount of deposit is Rs.200/-.

  • No maximum limit.

  • Account can be closed after 6 months but before one year without any interestp.

  • Facility of redeposit on maturity of an account.

  • No interest is payable on undrawn interest amount.

  • Account can be opened by an individual, two adults jointly and minor through guardian.

  • A Minor who has attained the age of 10 years can open the account in his/her own name to be operated directly.

  • Non Resident Indian / HUF cannot open the account.

  • Any number of accounts can be opened.

  • Two, three and Five years accounts can be closed after one year at a discounted rate of interest.

  • Deposits not drawn on maturity are eligible to saving account interest rate for a maximum period of two years.

  • Account can be pledged as security against a loan to banks/ Government institutions.

  • Accounts are transferable from one Post office to any Post office in India.

  • Rebate under section 80-C is not admissible.

  • Interest income is taxable.

  • Deposits are exempt from wealth tax.

  • No T.D.S.

  • Nomination facility available.
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