4/20/2019 How To Open FD In Post Office

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Post Office Fixed Deposit
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How To Open A FD Account in Indian Post Office

Opening a post office fixed deposit account is a simple process and can be done at any of the post offices or
head post offices in the country. Those who wish to open an account can do so by visiting the nearest branch.

A post office fixed deposit account is very similar to other fixed deposit accounts. The advantage here is that
the scheme is a government-based one and hence there will be guaranteed returns on investment with an
almost nil scope for any kind of risks.

Steps to Open A Post Office Fixed Deposit Account

Select the nearest post office where you want to open the post office fixed deposit account
Visit the branch and fill in the fixed deposit opening form
Provide relevant details such as ID proof, address proof. For example, PAN, passport, and Aadhar can
be provided.
It is necessary to provide all original documents while opening the account at the branch
Witness signature is required
A nominee should be chosen

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4/20/2019 How To Open FD In Post Office

Once all the above formalities are completed and the witness signature has been obtained the post
office fixed deposit will be opened
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Eligibility All residents of India holding a post office savings account
Entry age No maximum age, minors 10Amit yearsGupta
or more can hold individual accounts
Investment amount Min: Rs.200 Max: No ceilinggupta.dramitkumar@gmail.com
on maximum deposit amount
Tenure (in year) 1, 2, 3, or 5
Categories of account holders Individual Joint family Minors CONTINUE AS AMIT

Important Points To Note While ApplyingToFor Asyour

create Post Office
account, Fixed
Google Deposit
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your name, email
address, and pro le picture with BankBazaar.com. By
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The post fixed deposit account can be opened terms
through a cheque or by cash
of service.
The interest rates are calculated on a quarterly basis and will be paid on an annual basis
The post office fixed deposit account can be ported from one post office to another without any hassle
The interest earned on a post office fixed deposit account will be taxable
There is no limit on the number of accounts or deposits that can be opened at the post office
Joint accounts can be opened
The tenure of the fixed deposit can be extended once it matures

To Know Complete Detail about Post office Fixed Deposit Click Here

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