There are 9 small savings schemes for investment in the Post Office. These include Post Office Savings Account, National Savings Recurring Deposit Account, National Savings Time Deposit Account, National Income Monthly Income Account, Senior Citizen Savings Scheme, Public Provident Fund, National Savings Certificate, Kisan Vikas Patra, Sukanya Samriddhi Account.
Post Office Savings Schemes Service Charges: Post Office Savings Scheme has always been an attractive investment option for the people. The reason behind this is the guarantee of safe return as well as full money. But even with post office savings schemes, some service charges remain. These charges are related to new checkbook, transfer of account, withdrawal of account statement etc. Let us know in this report the complete detail of similar service charges related to the savings schemes of the post office-
These are service charges on post office schemes
- There is a fee of Rs 50 for issuing a duplicate pass book.
- Every time 20 rupees have to be paid to get an account statement or deposit receipt.
- If the passbook is lost or the certificate gets bad, a fee of Rs 10 per registration is required to be issued for issuing a new passbook.
- To cancel or change the nomination, 50 rupees will have to be paid.
- There will be a charge of 100 rupees for transferring the account.
- For mortgaging the account, a fee of Rs 100 has to be paid.
- There is no fee up to 10 checks in a calendar year for issuing a checkbook to a savings bank account, but after that there will be a fee of Rs 2 per check.
- There is a charge of Rs 100 if the check bounces.
Remember that the appropriate tax will also have to be paid on these service charges.
How many savings schemes in the post office
There are 9 small savings schemes for investment in the post office. These include Post Office Savings Account, National Savings Recurring Deposit Account, National Savings Time Deposit Account, National Income Monthly Income Account, Senior Citizen Savings Scheme, Public Provident Fund, National Savings Certificate, Kisan Vikas Patra, Sukanya Samriddhi Account. The features of all schemes are different.
How much interest rate
- Savings Account – 4% per annum
- RD- 5.8 per cent per annum
- On TDs ranging from 1 year to 5 years – 5.5% to 6.7% annually
- Monthly Income Scheme – 6.6% per annum
- SCSS – 7.4% per annum
- PPF – 7.1% per annum
- Sukanya Samriddhi – 7.6% per annum
- NSC – 6.8% per annum
- KVP – 6.9 percent annually
How to secure every penny in the post office
If a bank defaults or becomes insolvent, then only the deposit of up to Rs 5 lakh is secured by the customer in total. That is, no matter how much money is deposited in a bank of the customer, but if the bank goes bankrupt, then he will get a maximum of Rs 5 lakh back. But this is not the case at the post office. Your entire deposit at the post office is safe.
