Postal deposit rates india

postal deposit rates india

200 and there is no maximum limit.
Post office time deposit (potd) Post office also accepts time deposits, which are similar to a bank.
You can also download it online from the India Post website.There is a default fee of.05 for every Rs 5 of deposit.Go to your nearest or preferred post office, where you want to open an account Ask for the post office saving account opening form.Of India fixes these rates on every year March.You can even nominate a person while opening a pofd account.A post office offers various deposit schemes to investors.Pay the initial amount that you want to deposit in your account Once your account is opened, you will be given the passbook What are the documents required for post office account?You can get a duplicate passbook issued from the sub post offices only.Please feel free to share your thoughts and experiences of investing in post office savings account.5-Year Post Office Recurring Deposit Account (RD).3.Tax benefit for senior citizens, do note that with effect from, any interest received by senior citizens from deposits in Post Office would be tax exempt up to Rs 50,000 under.The rate and the time period normally remain fixed for one quarter.Investment in the scheme can be made either singly, jointly or on behalf of a minor.Features of Post Office Savings Account You can open an account by cash only One account can be opened in one post office The account can be transferred from one post office to another Nomination facility is available at the time of opening as well.What is a silent account and how gday 60 no deposit to revive it?What is the minimum balance required for different postal schemes?

On the maturity of the account, your account can be renewed for the same tenure as it was opened in the beginning.