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10 February 2023

Post Office Saving Account : Eligibily and feature

Saving Account :

Who can open: Any resident citizen of India

(1) By an adult

(2) A guardian, on behalf of a minor or person

(3) A Minor who has attained the age of ten years may open and operate an account in accordance with the provisions of a Savings Scheme.

Type of Account: Single, Joint-A, Joint-B (Joint account can be opened by two adults only)

Minimum Balance: ₹500

Maximum Balance: No limit

Rate of Interest: 4%

Facility: Passbook, Cheque, ATM, Internet Banking, Mobile Banking etc.

Nomination: Yes (Minimun-1, Maximum- 4) (Nomination is mandatory)

Fee:

Account opening fee: NIL

 

 


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