Post Office Time Deposits

Namaste!

I am Rekha.

I always thought that post office Time Deposits TD and Bank Fixed Deposits were the same.

I thought that TDs were only for long-term investments. That’s why I kept all my savings in my ‘Gullak’ or piggy bank.

I was collecting money to buy a smart TV next year. But then, I am afraid that my savings will be enough.

Later, I found out that I had made the wrong decision.

I should have invested in a post office time deposit of a shorter tenure (duration) that could have given me at least some interest.

What would you have done if you were in Rekha’s place?

If you selected

Invested in a Fixed Deposit, then you have selected the right option. Lets see further to know the difference.

A Time Deposit (TD) is the most common low-risk investment offered by post offices.

You can invest in a Time Deposit for one year and a maximum of five years.

Do you also have goals that you want to fulfil by saving and investing?

Do you think a Post Office Time Deposit can be a good investment option for you. Keep reading further to learn more about Time Deposits.

Lets learn about post office time deposits.