Post office Transaction Rule: India Post has good news for the account holders in the post office, in a day you can withdraw more rupees than before. Let us know in detail.
Post Office Saving Schemes: There is news of work for the customers of the post office. The post office has changed many rules related to transactions. The post office has increased the limit for withdrawing money in the Post Office Savings Schemes. With this, the Post Office Savings Schemes will be able to compete with the rest of the banks and post office deposits will increase in the long term. Let’s know the updates.
Will be able to withdraw Rs 20,000 in a day
Now account holders can withdraw Rs 20,000 in a day in the branch of Gramin Dak Seva, earlier this limit was Rs 5,000. Apart from this, no Branch Postmaster (BPM) will accept cash deposit transactions of more than Rs 50,000 in an account in a day. This means that cash transactions of more than Rs 50,000 cannot be done in one account in a day.
Rules changed for PPF, KVP, NSC
According to the new rules, apart from the savings account, now through check deposits in Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Monthly Income Scheme (MIS), Kisan Vikas Patra (KVP), National Savings Certificate (NSC) schemes. The acceptance or withdrawal will be done through the form.
How important is the minimum balance?
Let us tell you that 4% interest is available on the Post Office Saving Scheme, for the savings account opened in the post office, it is necessary to keep a minimum balance of Rs 500. If the amount in your account is less than Rs 500 then Rs 100 will be deducted as account maintenance fee.
Post office plans
– Post Office Savings Account
– 5 Years Post Office Recurring Deposit Account
– Post Office Fixed Deposit Account
– Post Office Monthly Income Scheme Account
– Senior Citizen Savings Scheme
– 15 Years Public Provident Fund Account
– Sukanya Samriddhi Account
– National Savings Certificate
– Kisan Vikas Patra
Interest on Post
Scheme                         Interest (Percentage/Annual)
- Post Office Savings Account                   4.0
- 1-Year TD Account                          5.5
- 2-Year TD Account                          5.5
- 5-Year TD Account                          6.7
- 5-Year RDÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 5.8
- Senior Citizen Savings Scheme                 7.4
- PPFÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 7.1
- Kisan Vikas Patra                           6.9
- Sukanya Samriddhi Account                   7.6
