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Post Office Time Deposit Calculator Online 2024 is a free tool to help you calculate your amount based on the current post office's interest rate in India. It is similar to Fixed Deposit.
Post Office FD Calculator - Post Office Fixed Deposit calculator helps one estimate the amount of returns that one can get for an FD of a specific tenure. Calculate interest earned and amount of fixed Deposit you will accumulate by using Online Calculator for Post Office FD at Groww.in.
- To use the FD calculator available here, one should need to have the following details beforehand: Total investment (the amount you invested) Numbe...
- The minimum amount required to open an FD account in the post office is ₹200 and in multiples thereof. However, there is no upper limit on the depo...
- Yes, the interest income is taxable.
- Premature withdrawal or closure of the post office FD account is permitted after the completion of six months of opening the deposit. If a time dep...
To open an account in Small Savings Schemes viz Savings Account (SB), Recurring Deposit (RD), Time Deposit (TD), Monthly Income Scheme (MIS), Senior Citizen Savings Scheme (SCSS)submit Account Opening Form (AOF) duly filled in with KYC documents and deposit slip(SB 103) in desired Post Office.
- Features of Post Office FD Calculator
- How to Calculate Interest on Post Office FD?
- Example
- How to Use Post Office FD Calculator
- Post Office FD Investment Rules
- Benefits of Using Post Office Fixed Deposit Calculator
Post office fixed deposit (POFD) is a fixed return savings scheme provided by India Post. The plan is available at all the Indian Post offices. You can open an FD account at your nearest post office branch and expect guaranteed returns. Here are some of the important features of POFD: 1. The interest rate provided in POFD ranges between 6.9% and7.7...
Calculating returns from post office fixed deposits (POFDs) is done using the following formula: M = P x (1 + i/4)^(n x 4) In which, M = Final value of the maturity P = Principal invested amount i = Interest rate offered in the FD n = tenure of investment in years Note: The above formula is for interest compounded quarterly.
Let’s assume you want to invest Rs 2 lakh in the post office fixed deposit for a tenure of five years, on which you will get an interest rate of 7.7% per annum. P = 2,00,000 i = 7.7 n = 5 Therefore, M = 2,00.000 x (1 + 7.7/4)^(5 x 4) M = Rs 2,77,000
Individuals can use post office FD calculator in the following steps: 1. Enter the amount, FD tenure and FD interest rates 2. Click on ‘Calculate’ 3. The FD maturity amount and interest amount earned will be displayed
A few of the rules related to Post Office FD investment are as follows: 1. Post Office Fixed Deposit (POFD)can be opened offline by cash or cheque. 2. For deposits made via cheques, the date of realization of the cheque will be the opening date of the FD. The interest will be calculated from this particular date only 3. Transfer from one post offic...
Some of the benefits of using the online FD calculator are as follows: Accuracy in outcomes: An online Post Office fixed deposit calculator can save time and provide accurate results within a few seconds. Helps to get customised results: Post Office FD provides various investment tenures with different interest rates. Using an FD calculator, you ca...
Post Office Time Deposit Account (TD) is a popular investment scheme offered by India Post, providing a secure and reliable way to grow your savings. It is suitable for individuals of all age groups and comes with various tenure options to match your financial goals.
According to the latest data, as of February 5, 2024, the interest rates are 6.9 per cent, 7.0 per cent, 7.1 per cent and 7.5 per cent for FDs maturing in 1 year, 2 years, 3 years, and five years...
People also ask
What is a post office FD calculator?
How to calculate post office time deposit?
How to calculate post office fixed deposit interest?
What is post office time deposit account (TD)?
The FD Calculator estimates the amount you will get once the Post Office Term Deposit matures. You need to input the following information, investment amount, tenure and compounding period to determine the Post FD interest and maturity amount. Track all your external FDs on Scripbox and get one view of your overall wealth. Track Your FDs.
