WebPost Office Fixed Deposit (POFD) or Post Office Time Deposit (POTD) is the oldest and preferred form of investment offered by the Indian Postal Services. They are considered … Web6 dec. 2024 · FD falls under the “income from other sources” bracket and is taxed. Most financial institutes offer approximately 6.5% – 7% interest rates on average. So, the money you will receive after all the necessary deductions may be negligible. Hence, it would be best if you estimated your returns before investing.

Bank Fixed Deposit Vs Post Office Time Deposit: Which is a better …

Web3 apr. 2024 · The corporate interest rate offered for FD ranges between 6.20% p.a. to 6.90% p.a with effect from March 4, 2024. The FD calculated can be used to estimate the returns on your investment. What are the fixed deposit interest rates in different banks? Different banks in India offer different FD interest rates. Web6 apr. 2024 · The government has raised interest rates for post office time deposits by up to 50 basis points, with the new rates taking effect from April to June 2024. The table given below presents interest rates provided on some of the popular investment options available for Indian Posts of various tenures: famous female alchemists

Post Office Saving Schemes - India Post

WebTax on Post Office FD: The 5-year post office FD qualifies for a tax deduction under section 80C. It also offers a tax deduction of up to Rs. 150,000 on the entire deposit. The … WebPost Office fixed deposit interest rate starts from 5.50% and can be up to 6.70% p.a. However it depends on the period of investment you opt for. The Post Office FD scheme … Web9 apr. 2024 · Post office term deposits, which were fetching lesser returns than bank FDs in the recent past, have again become competitive with the government effecting three back-to-back increases in interest rates on small savings schemes. The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as … famous female actors of all time