Question
What is the minimum amount required to get open a
Savings Account in Post Office?Solution
India Post offers numerous types of savings instruments for customers to choose from based on their needs. The savings account with India Post can be opened with cash payment only. The account offers tax benefits for interest amount up to Rs.10,000.
Interest rate: 4% p.a.
Minimum balance to open an account: Rs.20
Minimum balance for non-cheque facility: Rs.50
Minimum balance with cheque facility: Rs.500
Debit card facility available
Nomination facility available
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