Organisation : India Post, Ministry of Communications
Facility : Time Deposit Account (TD)
Applicable For : All India
Website : https://www.indiapost.gov.in/VAS/Pages/IndiaPosthome.aspx
TD Account
Interest payable, Rates, Periodicity etc. – Interest payable annually but calculated quarterly.
Related : India Post 5 Year Post Office Recurring Deposit Account : www.statusin.in/26129.html
Minimum Amount for opening of account and maximum balance that can be retained – Minimum INR 200/- and in multiple thereof. No maximum limit.
Salient features including Tax Rebate :
** 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
** 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 .
Example 2 Years TD account will be automatically renewed for 2 Years. Interest rate applicable on the day of maturity will be applied
** The investment under 5 Years TD qualifies for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
FAQs :
1. How do I change my personal details?
Log in to your Account on India Post Site, click on ‘My Profile’ link at the top of your page. Modify the details and submit to update the details.
2. Can i update my email id too?
Yes, you can update your email id from ‘My Profile’ link . A verification link will be sent to your new email ID. Click verification link and your email id will be updated.
3. My User ID has got blocked. What should I do?
On entering wrong password five times consecutively, your user ID will get blocked for 30 minutes. After this period, it will automatically become active.Or alternatively you can use Forgot Password Service to generate an OTP and reset your Password .
4. What should I do if my account get expired?
** If you do not log-in to your account on India Post Site for 3 (Three) months, your account will get expire.
In this case on logging into your account you will get account Expiry Message along with Resend Activation Link.You can click this link to send activation link to your registered email Id.
** Click activation link from your mailbox before 48 hours to activate account.
5. What precautions can I take to protect my User ID/Password?
* Memorise User Id and Password
* Do not write them down anywhere
* Do not tell your User ID/Password to anyone.
* Make sure that no one is looking when you key in your User ID/Password
6. What should I do when my password expired?
In this case, you will be able to login with expired password. After logging in you will be redirected to change password screen, you have to enter your old and new password, confirm new password and submit the details to set new password.