What is Post Office Time Deposit? MintGenie explains1 min read . Updated: 10 Sep 2022, 10:34 AM IST
- The post-office time deposit (POTD) is similar to a bank fixed deposit in that it allows you to save money for a certain period of time while earning a guaranteed return. Let's find out more about it!
The post office time deposit is also known as post office fixed deposit (POFD). It is similar to the fixed deposit (FD) facility of banks. This scheme is offered by the India Post. The scheme provides a guaranteed return to the depositor who deposits an amount for a fixed period of time.
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