Fixed Deposit is one of the safest investment avenues offered by banks, Non-Banking Financial Companies (NBFCs) and post offices. Post Office Fixed Deposit, also known as Post Office Term Deposits, are investment instruments offered by the Indian Postal Services. It is a preferred investment option for those looking for a safe investment avenue, these post office FDs are backed by the sovereign guarantee of the Government of India.
|Tenure||1, 2, 3 and 5 years|
|Minimum Deposit Amount||Rs. 1,000|
|Interest Rates||5.5% – 6.7%|
|Mode of Payment||Cash/Cheque|
|Premature Withdrawal||Allowed after 6 months*|
*If account is closed between 6 to 12 months from the date of opening, then Post Office Savings A/c rates will be applicable.
Post Office Fixed Deposit interest rates are decided by the Government of India (every quarter) under Small Saving Schemes. These rates are in turn determined as per the performance of government securities and bills. Post Office Fixed Deposit with a tenor of 5 years has an interest rate mark-up of 25 bps over the yield of comparable government securities.
|Tenor (years)||Post Office FD Interest Rates|
Here’s a comparison of latest FD interest rates offered by post offices, with FD rates offered by Bajaj Finance Limited.
|Tenor (years)||Post Office FD Interest Rates||Bajaj Finance FD Interest Rates|
Bajaj Finance offers additional 0.10% higher FD interest rates on investing in an end-to-end online FD for non-senior citizens. This rate benefit is not applicable for senior citizens, as they can get 0.25% additional returns on their deposit.
|Interest Rate||Ranging from 5.65% to 6.75%|
|Minimum Tenor||1 Year|
|Maximum Tenor||5 Years|
|Deposit Amount||Minimum deposit of Rs. 25,000|
|Application Process||100% online process|
|Online Payment Options||Netbanking and UPI|
|FEATURE||POST OFFICE FD||BAJAJ FINANCE FD|
|Quarterly Interest Rate Revision||Yes||No|
|Flexible Premature Withdrawal||No||Yes|
|Online Account Management||No||Yes|
|Auto-Renewal Facility||Only at CBS-enabled branches||Yes|
With 2.35 lakh customers and a total deposit book size of more than 20,000+ crores, you can trust Bajaj Finance FD to give you maximum returns with the lowest risk.
Earn UP TO 6.75%* on Fixed Deposit