Post Office Time Deposit (TD / FD) Calculator

Calculate maturity for Post Office Fixed Deposits across 1, 2, 3 & 5 year tenures. Government-backed with quarterly compounding.

Calculate TD / FD Maturity

Enter Investment Details

Selected Scheme

Investment Amount (₹)Minimum ₹1,000. No maximum limit.

Select Tenure & Interest Rate

Selected: 6.9% p.a. — 1 Year (Quarterly Compounded)

About Post Office Time Deposit (TD / FD)

Post Office Time Deposit (TD) is similar to a Fixed Deposit (FD) at a bank but backed by the Government of India. You deposit a lump sum for a fixed tenure of 1, 2, 3, or 5 years and earn quarterly-compounded interest. The 5-year TD also qualifies for tax deductions under Section 80C.

Current Interest Rates (2024–25)

1 Year TD	6.9% p.a. (Quarterly Compounded)
2 Year TD	7.0% p.a. (Quarterly Compounded)
3 Year TD	7.1% p.a. (Quarterly Compounded)
5 Year TD	7.5% p.a. (Quarterly Compounded) — 80C Benefit

Eligibility & Key Rules

Who Can Open?	Any Indian resident individual
Joint Account	Up to 3 adults
Minor Account	Guardian can open for minor (10+)
Minimum Deposit	₹1,000 (no maximum limit)
Tenure Options	1, 2, 3, or 5 Years
Interest Payment	Credited annually to savings/PO account

Interest Calculation Formula

Post Office TD uses Quarterly Compounding:

A = P × (1 + r/400)^(4 × t)
Where: P = Principal, r = Annual Rate %, t = Tenure in years

Key Features

80C Deduction: Only the 5-year TD qualifies for tax deduction under Section 80C.
Premature Closure: Allowed after 6 months; penalty applies (lower interest rate).
Auto-Renewal: Can be renewed at maturity for the same or different tenure.
Multiple Accounts: No restriction on number of TD accounts per person.
TDS: TDS applicable if interest exceeds ₹40,000/year (₹50,000 for seniors).

Example Calculation (₹1,00,000 — 5 Years at 7.5%)

Principal	₹1,00,000
Rate	7.5% p.a. (Compounded Quarterly)
Maturity Value (5 yrs)	≈ ₹1,44,995
Interest Earned	≈ ₹44,995

* Calculated using A = P × (1 + 0.075/4)^(4×5). Interest rates are subject to quarterly revision by the Government of India. Actual values may vary slightly due to rounding.