• Account may be opened by individual.
• Account can be opened by cash/cheque and in case of cheque the date of realization of cheque in Govt. account shall be date of opening of account.
• Nomination facility is available at the time of opening and also after opening of account.
• Account can be transferred from one post office to another.
• Any number of accounts can be opened in any post office.
• Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account.
• The investment in the case of 5 years TD qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
• Joint account can be opened by two adults.
• Single account can be converted into Joint and Vice Versa.
• Minor after attaining majority has to apply for conversion of the account in his name.

* ​In CBS Post offices ,when any TD account is matured, the same TD account will be automatically renewed for the period for which the account was initially opened e.g 2 Years TD account will be automatically renewed for 2 Years. Interest rate applicable on the day of maturity will be applied.

• Lock up period of 6 months for premature closer of TD accounts has been removed and as and when any TD accounts is closed before one Year, interest @ savings account applicable from time to time shall be payable. This will be applied for both CBS and non CBS Post offices.
• The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

Interest payable annually but calculated quarterly.

From 1.4.2014, interest rates are as follows:-

Deposit Amounts​ are as follows:-

Post Office Savings Bank - The safest investment
Save today-Smile tomorrow
Pay Day is your Savings Day

Calculate interest on the amount invested