To withdraw 10,000 or more amount from the post office savings account, then do this work! Postal department changed the rules

Post Office Rules: Even today a large population of the country prefers to deposit their money in the post office savings account. You can open a savings account in a post office like a bank. If you also withdraw or deposit money regularly from the post office savings account, then this news is of your use.

The Department of Posts has made a major change in the rules for withdrawing amounts of 10 thousand or more from the savings account of the post office. The Ministry of Communications issued a circular on this matter on 25 August 2022. It states that if a customer withdraws Rs 10,000 or more from his account, the process of verification will have to be completed.

Verification will not be possible at these places The
The notification said that the process of verification at the branch post office has been made mandatory for withdrawals above Rs 10,000. The process of verification has been done away with for withdrawals above Rs 10,000 in single-handed post offices. Along with this, it has also been said in this notice that in order to prevent fraud from the post office account, the circle head can conduct all kinds of investigations under any special circumstances. This will help in preventing banking fraud from occurring in the post office.

Apart from
In order to curb banking fraud, the post office has also decided to increase the withdrawal limit from the savings account. Earlier account holders could withdraw only Rs 5,000 in a day, which has now been increased to Rs 20,000. At the same time, the Branch Postmaster (BPM) will not accept transactions of more than Rs 50,000 in the customer’s account.

Read More: Post Office Scheme: Start with 100 rupees and invest in this post office scheme to get 16 lakh rupees.

Let us tell you that any citizen of the country can open a savings account at the post office. You can open a savings account with just Rs.500. Customers have to maintain a minimum balance of Rs 500 in this account. This account offers an interest rate of 4% per annum, which is much higher than the savings account of many banks.

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