Post office savings bank atm card application

Post Office Saving Schemes

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Post Office Saving Schemes

Savings Account

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.

*Inter Post office transactions can be done between CBS post offices.

* ATM/Debit Cards can be issued to Savings Account holders( having prescribed minimum balance on the day of issue of card) of CBS Post offices.

Rate of interest 4% per annum
Minimum Opening ChargesINR 20/-
Interest earned is Tax Free up to INR 10,000/- per year from financial year 2012-13
Cheque facility available if an account is opened withINR 500/-
For Cheque facility minimum balance in an account is to be maintainedINR 500/-

Calculate interest on the amount invested