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National Savings Time Deposit Account Scheme


  • Four category of Time Deposit Account available – 1 year, 2 year, 3 year & 5 year

  • Minimum deposit ₹1000/- and thereafter in the multiples of ₹100.

  • No maximum deposit limit.

  • A guardian may open an account on behalf of a minor or a person of unsound mind.

  • An account can be closed after six months. Where deposits in the account is withdrawn prematurely after six months but before one year, simple interest at POSA rate shall be payable.

  • Deposits in 5 year Time Deposit qualify for deduction u/s 80-C of Income Tax Act.

Click for Scheme Rule( 1981 and 2019 )

Click for Scheme Forms.

Click for Interest Rate.

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National Savings Institute, Ministry of Finance (DEA) Govt. of India First Floor,ICCW Building.4,Deen Dayal Upadhayaya Marg,New Delhi-110002.
E-mail ID : nsi[at]nsiindia[dot]gov[dot]in