About Time Deposit - Best in India
A Time Deposit is a depository account offered by a financial institution that pays interest if the money remains in the account for a specified period of time. Post office Time Deposit Scheme is a kind of Fixed Deposit...
A Time Deposit is a depository account offered by a financial institution that pays interest if the money remains in the account for a specified period of time.
Post office Time Deposit Scheme is a kind of Fixed Deposit with extra advantages over traditional Fixed Deposits.
Time deposit (TD) is a type of savings account that earns a fixed interest rate upon reaching maturity.
It’s also called a CD (Certificate of Deposit), that’s held for a fixed term.
Anyone who wants to generate a monthly income can open this account and get an assured monthly income.
Features of Time Deposit Scheme :-
* Interest will be calculated on quarterly basis.
* Nomination facility is available
* It gives highest security to your investments.
* Time Deposit Account can be transferred from one post office to another.
* Interest income is taxable.
* Minimum investment amount is Rs.200/-
* No limit of maximum amount.
* Joint accounts can be opened by two adults.
* Maturity period is 1, 2, 3 and 5 years.
* An individual can convert the time deposit account from single to joint and vice versa.
* Safe and sure way to get income.
* If you are not able to continue your account, you can close your account only after 6months
* You also have the option of changing nominee name after you open the account.
* Interest will be payable at the end of year
Minimum & Maximum Amount of Deposit :-
* Minimum Amount - Rs 200.
* Maximum Amount - No maximum limit.
Time Deposit Calculator is a Handy Tool.
Time Deposit Calculator helps you to calculate Yearly Interest, Total Interest, Total Amount.
Features of Time Deposit Calculator :-
* Easy to Understand
* Reliable
* Available free on online
* Not required any Internet connection.
* Time Deposit Calculator help you to calculate Yearly Interest.
* Easily visualize the calculation Graphically
Previous Versions
Here you can find the changelog of Time Deposit - Best in India since it was posted on our website on 2016-10-18 23:03:37.
The latest version is 1.0.1 and it was updated on 2024-04-23 10:08:23. See below the changes in each version.
Time Deposit - Best in India version 1.0.1
Updated At: 2016-08-17
Disclaimer
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