{"id":807,"date":"2025-09-17T01:38:21","date_gmt":"2025-09-17T01:38:21","guid":{"rendered":"https:\/\/postaladda.com\/mcq\/?p=807"},"modified":"2025-12-06T07:00:53","modified_gmt":"2025-12-06T07:00:53","slug":"national-saving-time-deposit-scheme-2019","status":"publish","type":"post","link":"https:\/\/postaladda.com\/mcq\/national-saving-time-deposit-scheme-2019\/","title":{"rendered":"National Saving Time Deposit Scheme 2019"},"content":{"rendered":"\n<p>National Saving Time Deposit Scheme 2019-Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1.How many types of Time Deposit accounts are available under the scheme?<\/h2>\n\n\n\n<p>A. Two<br>B. Three<br>C. Four<br>D. Five<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">2.Which of the following is not a valid term for a National Saving Time Deposit account?<\/h2>\n\n\n\n<p>A. 1-Year<br>B. 2-Year<br>C. 4-Year<br>D. 5-Year<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">3.Who among the following is eligible to open a Time Deposit account?<\/h2>\n\n\n\n<p>A. HUF<br>B. Minor aged 9<br>C. Minor aged 10 in own name<br>D. Non-resident Indian<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">4.What is the maximum number of account holders allowed in a joint Time Deposit account?<\/h2>\n\n\n\n<p>A. 2<br>B. 3<br>C. 4<br>D. 5<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">5.What is the minimum deposit required to open a Time Deposit account?<\/h2>\n\n\n\n<p>A. \u20b9500<br>B. \u20b91000<br>C. \u20b91500<br>D. \u20b92000<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">6.In what multiples can additional deposits be made in a Time Deposit account?<\/h2>\n\n\n\n<p>A. \u20b950<br>B. \u20b910<br>C. \u20b9100<br>D. \u20b9500<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">7.What is the maximum deposit limit for a Time Deposit account?<\/h2>\n\n\n\n<p>A. \u20b95,00,000<br>B. \u20b910,00,000<br>C. \u20b915,00,000<br>D. No limit<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">8.How is interest calculated in Time Deposit accounts?<\/h2>\n\n\n\n<p>A. Compounded annually<br>B. Compounded quarterly but paid annually<br>C. Compounded monthly<br>D. Paid quarterly<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">9.If interest from a Time Deposit account is not withdrawn, what happens?<\/h2>\n\n\n\n<p>A. Interest is forfeited<br>B. Extra interest is paid<br>C. No extra interest is paid<br>D. It converts to recurring deposit<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">10.Can interest from a Time Deposit be credited to a Savings Account?<\/h2>\n\n\n\n<p>A. No<br>B. Yes, only in post office<br>C. Yes, if opted<br>D. Yes, for 5-year deposits only<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\">11.If the interest payment date falls on a holiday, when is interest paid?<\/h2>\n\n\n\n<p>A. Next working day<br>B. Date remains unchanged<br>C. Previous working day<br>D. No interest paid<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">12.How many times can a Time Deposit account be extended after maturity?<\/h2>\n\n\n\n<p>A. Once<br>B. Twice<br>C. Unlimited times<br>D. Not allowed<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">13.When can the extension option be exercised by the account holder?<\/h2>\n\n\n\n<p>A. Only at account opening<br>B. Only before maturity<br>C. At opening or later<br>D. Only after maturity<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">14.Can the selected extension option be revoked before maturity?<\/h2>\n\n\n\n<p>A. Yes<br>B. No<br>C. Only in 5-year accounts<br>D. Only if notified<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  A<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">15. For a 1-year Time Deposit, extension must be opted within how many months from maturity?<\/h2>\n\n\n\n<p>A. 3 months<br>B. 6 months<br>C. 12 months<br>D. 18 months<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">16. For a 2-year Time Deposit, what is the maximum period allowed to opt for extension after maturity?<\/h2>\n\n\n\n<p>A. 6 months<br>B. 12 months<br>C. 18 months<br>D. 24 months<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">17.Within how many months from maturity can a 3-year Time Deposit be extended?<\/h2>\n\n\n\n<p>A. 6 months<br>B. 12 months<br>C. 18 months<br>D. 24 months<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">18. A 5-year Time Deposit can be extended within:<\/h2>\n\n\n\n<p>A. 6 months<br>B. 12 months<br>C. 24 months<br>D. 18 months<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  D<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">19. What rate is applicable to the extended period of a Time Deposit?<\/h2>\n\n\n\n<p>A. Rate on date of extension<br>B. Rate at time of account opening<br>C. Rate on date of maturity<br>D. Rate as per current year<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">20.Which Time Deposit duration qualifies for Income Tax benefit under Section 80C?<\/h2>\n\n\n\n<p>A. 1-year<br>B. 2-year<br>C. 3-year<br>D. 5-year<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  D<\/div>\n\n\n\n<!--nextpage-->\n\n\n\n<h2 class=\"wp-block-heading\">21.Under which form is a Time Deposit account opened?<\/h2>\n\n\n\n<p>A. Form-1<br>B. Form-3<br>C. Form-5<br>D. GSPR-10<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  A<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">22.A guardian can open a Time Deposit account on behalf of:<\/h2>\n\n\n\n<p>A. Minor below 10<br>B. Person of unsound mind<br>C. Both A and B<br>D. None<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">23. Is it permissible to open multiple Time Deposit accounts?<\/h2>\n\n\n\n<p>A. No<br>B. Only joint<br>C. Yes, with no limit<br>D. Only one per term<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">24.Which document is used for extending a Time Deposit account?<\/h2>\n\n\n\n<p>A. Form-1<br>B. Form-3<br>C. Form-5<br>D. Form-10<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">25.What is the frequency of interest credit in the Time Deposit Scheme?<\/h2>\n\n\n\n<p>A. Monthly<br>B. Quarterly<br>C. Annually<br>D. Half-yearly<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">26. Which of the following statements is true about the Time Deposit scheme?<\/h2>\n\n\n\n<p>A. Interest is compounded annually<br>B. No interest if deposit exceeds \u20b91 lakh<br>C. Interest is compounded quarterly and paid annually<br>D. Deposits must be made monthly<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">27.If the account holder fails to select the extension within the allowed period, the account:<\/h2>\n\n\n\n<p>A. Continues without extension<br>B. Becomes inactive<br>C. Closes automatically<br>D. Becomes invalid<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  A<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">28.What happens if the interest is not withdrawn annually?<\/h2>\n\n\n\n<p>A. Additional interest is paid<br>B. No additional interest<br>C. Penalty is applied<br>D. Account is closed<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  B<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">29. Who decides the interest rate applicable to Time Deposit accounts?<\/h2>\n\n\n\n<p>A. Ministry of Home Affairs<br>B. Reserve Bank of India<br>C. Central Government<br>D. Indian Postal Board<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  C<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">30.Can interest payment be transferred to a Savings Account in another branch\/post office?<\/h2>\n\n\n\n<p>A. No<br>B. Yes<br>C. Only with RBI approval<br>D. Only for 5-year TD<\/p>\n\n\n<button class=\"show-answer-btn\" onclick=\"pa_toggle_answer(this)\">Show Answer<\/button><div class=\"answer\">The correct answer is:  A<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Saving Time Deposit Scheme 2019-Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1,4,18],"tags":[],"class_list":["post-807","post","type-post","status-publish","format-standard","hentry","category-blog","category-ipo-mcqs","category-ipo-paper-01"],"_links":{"self":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/comments?post=807"}],"version-history":[{"count":2,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/807\/revisions"}],"predecessor-version":[{"id":1135,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/posts\/807\/revisions\/1135"}],"wp:attachment":[{"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/media?parent=807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/categories?post=807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postaladda.com\/mcq\/wp-json\/wp\/v2\/tags?post=807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}