Post Office: A minimum balance maintenance of Rs 500 is required in a savings account.
If you did not do so, you will have to pay a fine. Under this saving account you get an annual interest at the rate of 4%.
Post Office Saving Account: Opening of savings account in post office is considered beneficial in many ways. Like a private bank, customers get many benefits when opening an account with a post office bank. Account with post office bank can be opened very easily.
The way an account is opened by visiting a private bank, in the same way a savings account can be opened by visiting the post office bank branch. You have to fill the application form by going to the branch and then submit it. Other important documents have to be attached with this form.
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Apart from this, KYC is also necessary. The latest passport size photo will have to be given along with it. Customers can also go to the official website of India Post and get the application form.
A minimum balance maintenance of Rs 500 is required in a savings account. If you did not do so, you will have to pay a fine. Under this saving account you get an annual interest at the rate of 4%.
The special thing is that through this account you also get the facility of ATM and check book. This account can also be opened for adults and young children, although the account guardian only has to operate. With this, 2 people can open a joint account together. Apart from the savings account, customers can open National Savings Recording Depot Account, Kisan Vikas Patra, Post Office PPF Post Time Deposit Account.
These documents can be used with the form: For address proof, you can use voter ID card, passport, ration card, electricity bill, phone bill, Aadhaar card.
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