Post Office Time Deposit Account Scheme: Get More Than 10L in 3 Years

Every investor wants an investment that is safe and produces maximum returns that can be multiplied further. But do we find such an investment that has guaranteed returns?

If not, then allow me to introduce a Post Office Scheme that can get you a decent amount of return in a very short period. Keep reading to know everything about this scheme.

Post Office Time Deposit Account Scheme
Post Office Time Deposit Account Scheme

What is the Post Office Scheme?

Termed as Post Office Time Deposit Account Scheme, this scheme offers the investor an amount of more than Rs 10 Lakh in just 3 years.

Sounds great, right?

Benefits of the Post Office Scheme

Once you open your time deposit account in the post office, you will have to invest a lump sum of Rs 8 lakh and 50 thousand.

The post office will offer interest on this money at the rate of 5.5 to 6.7 percent per annum. 

Within 3 years, this money multiplies to a sum of Rs 10 Lakh upon maturity.

In total, you will get an additional Rs 1 lakh and 51 thousand at the end of the 3rd year.

How to Open an Account Under the Post Office Scheme?

If you wish to open an account to avail the Post Office Scheme, you can do it by following the given steps:

  • Go to the nearest post office and open a time deposit or fixed deposit account.
  • Start depositing money every month.
  • Complete its tenure between 1 and 5 years.
  • Get the principal amount and the interest upon its maturity.

Your minimum investment can be Rs 1000 whereas the maximum can go as high as you would like.

Also, the minimum age limit to make this investment is 10 years. In case a minor child is opening this account, it has to be done under the supervision of his or her parents.

The maturity period of the scheme

The maturity period of the scheme is between a year and 5. Once your 5 years are over and you don’t withdraw them, then you should get Income Tax Benefits under Section 80C on your money.

Premature withdrawal option

If you wish to go with premature withdrawal, then you can withdraw your money after 6 months. If you withdraw your money between 6 and 12 months, you will be able to get an interest equal to a savings account.


This article gives you an overview of the Post Office Time Deposit Account Scheme. Read this article to get an idea of it so that you can decide if you want to go with this or not.

You should go through the Post Office Main Website to get a clear idea about this and other schemes available at their end.

Share this article with your friends and family members so that they can also enjoy the benefits of such schemes.

Also Read:

Simply Deposit ₹50 DAILY in THIS Post Office Plan To Receive Up To ₹35 Lakhs

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