Post Office FD Interest Rates

What is a Post Office Fixed Deposit?

The Post Office Fixed Deposit (POFD), also known as ‘Post Office Time Deposit,’ is a popular savings scheme by India Post. Since these are government-backed schemes, they are considered a safe investment option, especially for those who do not have easy access to banks. The Post Office Fixed Deposit interest rates range from 6.9% to 7.5%.

Post Office FD Interest Rates: Key Highlights

Latest Post Office FD Interest Rates 2025

The government reviews or revises the interest rates for POFDs at the beginning of every quarter of the financial year. It is determined based on the yield on government securities. Usually, the interest rate for Post Office FDs is the same for the general public and senior citizens. 

The table below shows the Post Office FD interest rates for 2025 for different tenures:

Who is Eligible to Open a Post Office FD Account

Any adult Indian citizen can open their FD account in the Post Office. The account can be opened individually or jointly. If a minor (above 10 years) wants to open a POFD, they can get it done through their guardian.

It is to be noted that the post office time deposit scheme option is currently not available for NRIs, trusts, companies and other organisations.

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Post Office Fixed Deposit Features

Let us now look at the key highlights of the Post Office Time Deposit scheme, which makes it an appealing national investment scheme.

• The FD account can be opened at any post office in India.

• You can open any number of FD accounts in the post office.

• A Post Office FD account can be opened with a minimum of Rs.1000.

• There is no maximum deposit limit.

• On maturity, the amount is transferred to the savings account.

1. Extension of Post Office FD Scheme

   On maturity, you can extend your POFD account for another tenure for which it was initially opened. The applicable rate of interest for the extended period would be the respective TD account interest rate on the day of maturity.

2. Premature Closure of Post Office Fixed Deposit

   Here are certain rules regarding premature closure and applicable interest rates for the Post Office FD thereof:

   • You cannot withdraw an amount from a POFD within six months from the date of deposit. 

   • If you close your account after 6 months but before 12 months from the deposit date, the Post Office Savings scheme interest rate will apply.

   • For premature closure any time after 1 year, the Post Office FD interest rate is calculated at 2% less than the applicable FD rate for completed years. For the remaining part of the invested period, the Post Office Savings interest rates are applicable.

3. Tax Benefits on Post Office FD

   The investment under 5-year TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 (old tax regime).

4. Loan Against POFDs

   You can use your Post Office Fixed Deposit as collateral for a loan. It is to be noted that you can pledge or use your POFD as a security only with the following institutions:

   • The President of India/Governor of the State

   • RBI/Scheduled Bank/Co-operative Society/Co-operative Bank

   • Corporation (public/private)/Govt. Company/Local Authority

   • Housing finance company

How to Open Post Office FD Account

India Post lets you open a new POFD in two ways – online or offline. Let us briefly look at the steps to open a post office FD account.

1. Opening Post Office FD Account Online

   Opening a Post Office FD account online is easy and fast. Follow the below-mentioned steps: 

   • Visit the official post office website.

   • Create your account or log in using the registered ID and password.

   • Navigate to the ‘General Services’ tab and click ‘Service Request’.

   • Select the ‘New Request’option to start with your POFD account opening application.

   Note: You can also open a time deposit account by transferring money from your Post Office 

   Savings account through NEFT using the post office’s IFSC code.

   

2. Opening Post Office FD Account Offline

   If you want to follow the traditional method to open your POFD account, you can visit the nearest or desired post office. Fill out the application form and submit the required documents (as mentioned below).

3. Documents Required to Open Post Office FD

   Here is a list of documents you require to open a FD account in the post office:

   • Account Opening Form/Application.

   • Identity Proof: Aadhaar Card, DL, Passport, PAN Card (or Form 60).

   • Address Proof: Aadhaar Card, Utility bills, Ration card.

   • KYC Form for new customers/modifications in KYC details.

   • Date of Birth proof/Birth Certificate for minor account.

Post Office FD Interest Rates 2025: Conclusion

Now that you know all the features of POFDs and the latest Post Office FD rates, you can compare all investment options and decide where to invest your money. The interest rates for Post Office Time Deposits are competitive with the bank FD rates, making them a high-yielding, secure saving scheme.

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