Time Deposit - Best in India 1.0.1
You'll be able to download in 5 seconds.
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 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.