Post Office Time Deposit Scheme in tamil|TD|காலவைப்பு நிதி|திட்டம்|saving scheme|Tamil|Tamil Thittam
Salient features including Tax Rebate
.Account may be opened by
(i) a single adult
(ii) Joint Account (Maximum 3 adults)
(iii) Minor above 10 yearsof age
(iv) A guardian on behalf of a minor/Person of unsound mind
Account can be opened by cash /Cheque and in case of Cheque the date of realization of cheque in Govt. account shall be date of opening of account
Nomination facility is available at the time of opening and also after opening of account
Account can be transferred from one post office to another
Any number of accounts can be opened in any post office
Single account can be converted into Joint and Vice Versa
Minor after attaining majority has to apply for conversion of the account in his name.
TD account can be extended by giving an application in account office
Interest shall be payable annually, No additional interest shall be payable on the amount of interest that has become due for payment but not withdrawn by the account holder
The annual interest may be credited to the savings account of the account holder at his option
Premature encashment not allowed before expiry of 6 month, If closed between 6 month to 12 month from date of Opening, Post Office Saving Accounts interest rate will be payable
The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
Online Account Opening facility is available through Intra Operable Netbanking/Mobile Banking
Interest rates
Period Rate
1yr.A/c 5.5%
2yr.A/c 5.5%
3yr.A/c 5.5%
5yr.A/c 6.7 %
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