Post Office Saving Account
17 Mar 2018
➤Interest Rates-4.0% per annum on individual / joint accounts
➤ Minimum INR 20/- for opening
➤Account can be opened by cash only
Minimum balance to be maintained in a non-Cheque facility account is INR 50/-
➤Cheque facility available if an account is opened with INR 500/- and for this purpose minimum balance of INR 500/-in an account is to be maintained
➤Cheque facility can be taken in an existing account also
➤Interest earned is Tax Free up to INR 10,000/- per year from financial year 2012-13
➤Nomination facility is available at the time of opening and also after opening of account
➤Account can be transferred from one post office to another
➤One account can be opened in one post office
➤Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account
➤Joint account can be opened by two or three adults
➤At least one transaction of deposit or withdrawal in three financial years is necessary to keep the account active
➤Single account can be converted into Joint and Vice Versa
➤Minor after attaining majority has to apply for conversion of the account in his name
➤Deposits and withdrawals can be done through any electronic mode in CBS Post offices.
➤Free ATM Catd and ATM facility is available in any banks ATM.
➤ Minimum INR 20/- for opening
➤Account can be opened by cash only
Minimum balance to be maintained in a non-Cheque facility account is INR 50/-
➤Cheque facility available if an account is opened with INR 500/- and for this purpose minimum balance of INR 500/-in an account is to be maintained
➤Cheque facility can be taken in an existing account also
➤Interest earned is Tax Free up to INR 10,000/- per year from financial year 2012-13
➤Nomination facility is available at the time of opening and also after opening of account
➤Account can be transferred from one post office to another
➤One account can be opened in one post office
➤Account can be opened in the name of minor and a minor of 10 years and above age can open and operate the account
➤Joint account can be opened by two or three adults
➤At least one transaction of deposit or withdrawal in three financial years is necessary to keep the account active
➤Single account can be converted into Joint and Vice Versa
➤Minor after attaining majority has to apply for conversion of the account in his name
➤Deposits and withdrawals can be done through any electronic mode in CBS Post offices.
➤Free ATM Catd and ATM facility is available in any banks ATM.