Post Office FD Calculator

Post Office Time Deposit rates are set by the government quarterly. As of recent periods: 1 year: 6.9%, 2 years: 7.0%, 3 years: 7.1%, 5 years: 7.5%. The 5-year TD qualifies for Section 80C tax deduction.

Post Office FDs often offer slightly higher rates than large banks and are backed by the Government of India (vs. DICGC for banks). The 5-year TD has a tax benefit under Section 80C. However, premature withdrawal rules are stricter.

Yes, the 5-year Post Office Time Deposit qualifies for Section 80C deduction up to ₹1.5 lakh per year. However, the interest earned is fully taxable as income.