Maturity: ₹30,877 at 7.1% p.a. Interest earned: ₹5,877. Senior citizen maturity: ₹30,877.
| Year | Deposit | Interest Earned | Maturity Value |
|---|
A ₹25K Fixed Deposit in Post Office for 3 Years at 7.1% p.a. (quarterly compounding) will mature to ₹30,877. You earn ₹5,877 as interest, giving a total return of 23.5% on your investment.
At 7.1% p.a. (quarterly compounding), ₹25K FD in Post Office for 3 Years matures to ₹30,877. Interest earned: ₹5,877. Senior citizen maturity: ₹30,877 at 7.1%.
Post Office offers 7.1% p.a. for general citizens and 7.1% p.a. for senior citizens on 3 Years Fixed Deposit. The rate applies regardless of the deposit amount.
For ₹25K at 7.1% for 3 Years, you would earn approximately ₹5,877 as interest, making total maturity ₹30,877. Senior citizens earn ₹5,877 at 7.1%.
Yes, premature withdrawal is allowed. Post Office's policy: Allowed after 6 months with penalty. You will receive a reduced interest rate on early withdrawal.
Compare with other banks on this page to find the best rates. NBFC FDs typically offer higher rates but without DICGC insurance. Consider both rate and safety.