Post Office FD Interest Rates 2022

Post Office offers fixed deposit accounts that offer attractive interest rates with tenures that range from 1 year up to 5 years. 

The interest is payable annually with the minimum deposit being Rs.1,000 and no maximum limit. 

If you open a fixed deposit with the post office for a tenure of 5 years, you will be eligible to claim tax benefits under Section 80C of the Income Tax Act, 1961. 

Features of Post Office Fixed deposit

A single account can be converted into a joint account and vice versa

There is no maximum limit to the deposit

Premature withdrawal of a Post Office FD or Term Deposit can be made between 6 months to 1 year of the date of opening the account. 

FD Rates - Deposit Tenure 1 year to 3 year- 5.50%

FD Rates - Deposit Tenure 5 year- 6.70%

You can avail a tax deduction under Section 80C of the Income Tax Act, 1961, for deposits with a tenure of 5 years. This rule is applicable from 1 April 2007.