The account can be opened with just Rs 20 and the minimum balance to be maintained is Rs 50 or Rs 500 In order to open a post office saving Account a minor will have to be a minimum of 10 years Indian citizens can open joint post office saving Account To keep account alive at least one depo ID: 999307
Download Presentation The PPT/PDF document "Post office savings account" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
1. Post office savings account The account can be opened with just Rs. 20 and the minimum balance to be maintained is Rs. 50 or Rs. 500In order to open a post office saving Account , a minor will have to be a minimum of 10 years . Indian citizens can open joint post office saving Account. To keep account alive at least one deposit or withdrawal must be done once in 3 years. The account can be closed at any time. Interest is provided on this account and transaction can be done through ATM also.
2. How to open Post office saving Account Visit post office or online Fill up the form with appropriate information Furnish the relevant documents, and a passport size photograph pay a deposit amount, which cannot be lower than Rs.20 If you want to get a post office savings account without a cheque a book, you will need to pay a deposit amount of at least Rs. 50 Single account holders can deposit a maximum of Rs one lakh joint account holders can deposit a maximum of Rs 2 lakhs. For senior citizens, there are separate forms available.
3. Post Office Saving Account Withdrawals In a post office saving account the amount deposited can be withdrawn at anytime as per the depositor’s needs. The withdrawals is , however, subject to the maintenance of a minimum balance of Rs. 50 in a simple account and Rs. 500 for accounts with cheque facility.