Web6 Apr 2024 · POTD is a savings account investment provided by India Post. POTD guarantees a return on investment and also allows for tax deduction under Section 80C of India Tax. The government has raised interest rates for post office time deposits by up to 50 basis points, with the new rates taking effect from April to June 2024. WebThe Post-Office Term Deposit (POTD) Scheme is an investment savings account scheme offered by the India Post (Department of Posts). This scheme is meant for those depositors who want to deposit a lump sum of …
Post Office FD Calculator : Calculate Interest Returns …
Web23 Jan 2024 · Post Office Time Deposit Account (POTD) is one of the most well-known investment schemes offered by the India Post. While the scheme is open to all individuals, … Web27 Jul 2024 · What is the minimum investment for a POTD? You can open a Post Office Time Deposit account with as low as Rs. 200. There is no limit on the maximum amount. … county treasurer maricopa county az
Post Office FD Interest Rates 2024 - Up to 7% p.a - Scripbox
WebThe post-office term deposit (POTD) is similar to a bank fixed deposit as it allows investors to save money for a certain period of time while earning a guaranteed return. The maturity amount is... Web8 Sep 2024 · Post Office Time Deposit Account (POTD) is one of the most popular investment schemes offered by India Post. This scheme is available to all the people of the country. TDS is not deducted on investment in this. At the same time, the special thing is that the interest here is higher than the fixed deposits of banks. Web5.5%. 5 year. 6.7%. Consider the following example to understand the returns better –. Mrs Shah invests Rs.5,000 in four post office time deposit schemes of 1 year, 2 years, 3 years, and 5 years each. As per the prevailing rates, she will earn –. Rs.5,281 after 1 year. Rs.5,578 after 2 years. Rs.5,891 after 3 years. brian allen iowa