How long do you need to invest?

You can invest in a time deposit for a minimum period of one year to a maximum period of five years. This period is known as investment tenure.

Where can you find time deposits to invest in? 

All post offices offer time deposits. They are quite similar to Fixed Deposits in a bank

What are the interest rates offered by Time Deposits?

Time deposits offer interest rates ranging from 6.9% to 7.5% (as of July 2022). The longer your investment tenure. The greater interest you can earn.

To understand what an interest is, refer to this chapter

What is the minimum amount you can invest in a Time Deposit?

The minimum one-time investment in a time deposit can be ₹1000/-. Regular investment is not required in a time deposit.

How is the interest calculated in a Time Deposit?

If you invest in a Time Deposit for a year or more, you will receive interest in your savings bank account annually.

Are there any additional returns for the Senior Citizens?

No, there are no additional interest rates for senior citizens. For Senior Citizens, there is a special post office investment scheme called the Senior Citizen Savings Scheme (SCSS).