Logo Tamilnadu Postal Circle

 

TIME DEPOSITS

   Interest Rates
     Interest payable annually but calculated on quarterly basis (with effect from  01.03.2003)

Account

Rates of interest

 1 year Account

6.25 %

 2 year Account

6.5 %

 3 year Account

7.25 %

 5 year Account

7.5 %


    
Investment Limits & Denominations

     Minimum Rs. 200/- and it's multiples.
     No maximum limit.
 

     Features

     Account may be opened by an individual, Trust, Regimental Fund and Welfare Fund.
     2, 3 and 5 year accounts can be closed after one year at a discount.
     Account can be closed after 6 months but before 1 year without interest.
 

Tax Rebate

   The amount of interest earned is tax free under Section 80-L of Income Tax Act.