Thursday, February 2, 2023

The rules for transactions at the post office have changed; do you know how much money you will be able to withdraw now?

Post Office Savings Schemes: New Delhi If you have a post office account, there is some excellent news for you. In fact, the post office has altered a number of policies. The amount of money that can be withdrawn from Post Office Savings Schemes has been enhanced by the post office. Post Office Savings Schemes will be able to compete with the rest of the banks as a result, and post office deposits will rise over time.

In a single day, you’ll be able to withdraw 20,000 rupees.

Account holders can now withdraw Rs 20,000 per day from a Gramin Dak Seva branch, up from Rs 5,000 previously. Aside from that, no Branch Postmaster (BPM) will allow cash deposit transactions in an account totaling more than Rs 50,000 per day. This means that no more than Rs 50,000 in cash can be transferred from one account to another in a single day.

PPF, KVP, and NSC rules have altered.

Apart from savings accounts, check deposits in Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Monthly Income Scheme (MIS), Kisan Vikas Patra (KVP), and National Savings Certificate (NSC) schemes are now permitted under the new guidelines. The form will be used to accept or reject the offer.

Read More: Bank Holidays List: Banks will be closed for 12 days in September, check the complete list before leaving home

What is the significance of the minimal balance?

Let us tell you that the Post Office Savings Scheme pays 4% interest, and that a minimum balance of Rs 500 is required to create a savings account with the post office. If your account balance is less than Rs 500, an account maintenance charge of Rs 100 will be deducted.

plans for a post office

– 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

Post interest office saving schemes

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 RD 5.8 

Senior Citizen Savings Scheme 7.4

PPF 7.1  

Kisan Vikas Patra 6.9

Sukanya Samriddhi Account 7.6



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