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    Question

    What is the minimum amount required to get open a

    Savings Account in Post Office?
    A Rs 10 Correct Answer Incorrect Answer
    B Nil Correct Answer Incorrect Answer
    C Rs 50 Correct Answer Incorrect Answer
    D Rs 20 Correct Answer Incorrect Answer
    E Rs 100 Correct Answer Incorrect Answer

    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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