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Post Office savings account News

Post Office savings account

02 Dec 2023

Want To Restart Your Inactive Savings Account In Post Office? Here's How

An account is deemed silent or dormant when no deposits or withdrawals occur for three consecutive financial years.

Post Office savings account

23 May 2022

Post Office savings account holders to get NEFT, RTGS facility

PO saving account customers, on the other hand, will be able to use the RTGS service starting May 31, 2022. Customers can now effortlessly transfer funds from other bank accounts to POSB accounts in DoP-CBS.

Post Office Recurring Deposit Scheme

23 Jan 2022

Post office scheme: Invest Rs 2,000 every month to get lakhs of rupees

You can establish an RD with the Post Office Recurring Deposit Scheme by becoming the legal guardian of a young kid. You have started an RD account in the name of the child at the post office, but you can close it if you need money before maturity. If you withdraw money from an RD account before it matures, you will receive interest equal to the interest earned on the post office's savings account.

Post Office savings account

20 Sep 2021

Post Office Savings Account: Check eligibility, tax exemption and more

In order to open a savings account at the nearest post office, one would require valid KYC documents along with an initial deposit of Rs 500. The interest on the post office savings account is calculated on the minimum balance between the 10th of every month and the last day of the month. If the balance comes down to zero, the post office savings account will get automatically closed.

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