Web6 apr. 2024 · The minimum limit for investment is Rs. 1000 and the maximum investment limit is Rs. 4.5 lakhs in a single holding account and Rs. 9 lakhs for joint accounts under the Monthly Income Scheme of Post Office. Currently, the MIS interest rate in the post office is 7.4% per annum payable monthly with a maturity period of 5 years. WebFeatures of Post Office Savings Account. Some of the features of Post office savings account are: Account may be opened by. (i) a single adult. (ii) Joint Account (Maximum 2 adults) (iii) Minor above 10 years of age. (iv) A guardian on behalf of a minor. The interest rate on deposits is 4.00% p.a.
Post Office Savings Schemes New Interest Rates - YouTube
Web30 jun. 2024 · Post Office Savings Account . This can be similar to your regular savings account but can offer a slightly better interest rate. Post office savings account is known for guaranteed returns and is ideal for investors with a less risky appetite. The interest rate offered on this account is 4% per annum for both individual and joint accounts. WebPost Office Savings Account: 4%: 500: No limit: Individuals including Minors: Exempted Interest up to ₹10,000: National Savings Recurring Deposit Account: 5.8%: 100 per … firstmac discharge
Post Office Savings Scheme Withdrawal Rule Revised: Here
WebJoint account accounts- Rs 15 lakh: Resident Indian, minor and major-Interest earned is taxable, and no deduction under Sec 80C for deposits made. ... The minimum deposit to open a post office savings account is Rs 500. The domestic customer can open the account in single or joint ownership. Web7 jan. 2024 · You can opt for various post office investment options provided by India Post and make regular payments through IPPB basic savings account. Funds can be transferred from other bank accounts to IPPB using the app. How to transfer funds to Sukanya Samriddhi Account via IPPB: Add money from your bank account to IPPB … WebIndia Post Payments Bank offers a variety of services for its customers through its Mobile Banking facility which is built on the state of the art technology that sets it apart … firstmac car loan broker