Post Office Schemes: If you have also opened a child account in the post office or invested in any other post office scheme, then it is important for you to know about the new rules.
India Post has made a big announcement to give relief to post office savings account holders. India Post, Post Office GDS (Gramin Dak Seva) will increase the limit of cash withdrawal at the branch. The per capita withdrawal limit has been increased from Rs 5,000. At a time when all banks are cutting the savings account interest rate, the post office savings account interest rate is 4 percent annually. If you have also opened an account in the post office, then let us know what has changed in the rules?
The limit for withdrawing money from the account has been increased – India Post has announced that it will increase the withdrawal limit in the post office GDS (Gramin Dak Seva) branch. And now this limit has been increased from Rs 5,000 to Rs 20,000 per person. The purpose of this step is to increase the post office deposits over time.
Change these rules
No branch postmast (BPM) will accept cash deposits of more than Rs 50,000 in an account in a day. Further, as long as Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), Monthly Income Scheme (MIS), Kisan Vikas Patra (KVP), National Savings Certificates (NSC) schemes are made available in the RICT CBS App, Deposits in these accounts will be accepted by withdrawal form or check only.
All PosB Checks issued by any CBS Post Office, if presented at any Core Banking Enabled (CBS) Post Office, will be treated as cross checks and will not be sent for clearing.
No cash transaction of more than Rs 50,000 will be allowed in one account on other SOLs in a day.
It is necessary to keep 500 minimum balance in the post office savings account and if the minimum balance is not maintained in the account, then 100 rupees will be deducted as account maintenance fee.
