Post office time deposit calculator
The post office version of an FD, for one, two, three or five years.
Record this deposit once and the app does the rest: reminded before it matures, told the day TDS starts at that bank, and the rules of the product explained with your own numbers. Free, and your deposits stay on your phone.
Get it on Google PlayQuestions people ask
Is a post office deposit safer than a bank FD?
It carries a government guarantee on the whole amount. Bank deposits are insured to ₹5 lakh per bank per person.
Can I close it early?
Not in the first six months. After that you get the post office savings rate, and after a year a reduced rate.
Does the five-year one save tax?
Yes, the five-year time deposit qualifies under 80C on the old regime.
Is the interest paid out or added?
Paid out once a year to your account. It does not compound the way a bank FD does.
Where do I open one?
Any post office, or through the India Post internet banking service if your account is linked.