National Savings Time Deposit Account(TD)
Post Office Time Deposit Account (TD), This type of accounts arrived in market with Government of India, notification, The National Savings Time Deposit Rules, 1981, and formally established the Time Deposit Account scheme.
Salient features:
Public Provident Fund Account (PPF )
Duration: 15 year Public Provident Fund Account (PPF )
Interest Rate: 7.1 % per annum (compounded yearly).
Deposit: Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
Frequency of deposit: Deposits can be made in lump-sum or in instalments.
