How much does ₹75,000 grow to in a 3 Year Post Office Time Deposit?
Based on these numbers, your ₹75,000 deposit matures to about ₹92,631 — ₹17,631 in interest, compounded quarterly into the balance.
What is a Post Office Time Deposit?
India Post’s version of a fixed deposit — you deposit a lump sum for a fixed term (1, 2, 3, or 5 years), and each tenure has its own official interest rate, generally higher for longer terms. Interest compounds quarterly and is paid out as one lump sum at maturity, along with your original deposit.
Why the tenure you pick changes the rate, not just the term
Unlike a bank FD where you might negotiate or shop for the best rate at a given tenure, Post Office Time Deposit rates for each tenure are fixed by the government and revised quarterly — picking "5 Year" here doesn’t just extend how long your money is locked in, it also changes the interest rate that applies to it.