Are Post Office FD and Time Deposit the same?

Yes. "Post Office FD" is the popular name for the Post Office Time Deposit (TD) scheme operated by India Post.

What are the current Post Office TD rates?

Q3 FY 2025-26: 1-year 6.9%, 2-year 7.0%, 3-year 7.1%, 5-year 7.5%. Always confirm on indiapost.gov.in.

Is the 5-year TD eligible for 80C deduction?

Yes. Only the 5-year Post Office Time Deposit qualifies for deduction under Section 80C of the Income Tax Act, 1961.

Is the interest taxable?

Yes. Interest is fully taxable as per your slab. India Post does not deduct TDS but you must declare the interest in your ITR.

Post Office FD Calculator

Calculate maturity of a Post Office Fixed Deposit (Time Deposit) for 1, 2, 3 or 5-year tenures.

Inputs

Deposit amount

INR

India Post minimum is ₹1,000 (multiples of ₹100).

Interest rate (p.a.)

Govt-notified Post Office TD rate. Varies by tenure.

Tenure (years)

Result

Maturity Value

₹144,994.80

After 5 years at 7.5% (quarterly compounding)

Total Interest₹44,994.80

Principal₹100,000.00

Related calculators

Post Office Time Deposit Calculator

Calculate maturity of a Post Office Time Deposit for 1, 2, 3 or 5-year tenures with quarterly compounding.

Post Office RD Calculator

Compute maturity of a Post Office Recurring Deposit using the official India Post quarterly-compounding formula.

Post Office MIS Calculator

Compute the monthly income from the Post Office Monthly Income Scheme on a lump-sum deposit.

SCSS Calculator

Compute the quarterly interest and total return from the Senior Citizen Savings Scheme.

Formula

Formula (quarterly compounding): A = P × (1 + r / 4)^(4 × t) Variable definitions: • A = Maturity amount (INR) • P = Principal / deposit amount (INR) • r = Annual interest rate in decimal (e.g. 7.5% → 0.075) • t = Tenure in years (1, 2, 3 or 5)

How it works

The Post Office FD (also called the Time Deposit, TD) is a Govt-backed fixed deposit offered by India Post for 1, 2, 3 or 5-year tenures. Interest is computed quarterly and paid annually.

Example

Example: Example: ₹1,00,000 in a 5-year Post Office FD at 7.5%. A = 1,00,000 × (1 + 0.075/4)^(4×5) A = 1,00,000 × (1.01875)^20 A ≈ ₹1,44,995. Interest earned ≈ ₹44,995.

Frequently Asked Questions

Disclaimer: Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice. Always consult a qualified professional before making decisions.