If the account is saved open within the post workplace, then you’re going to get an enormous shock, know the way

by Jeremy Spirogis
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There is a few disturbing information for financial savings account holders within the post workplace. The postal division has elevated the minimal steadiness of financial savings account from Rs 50 to Rs 500. Penalty of Rs 100 can be recovered from the financial savings account holders who shouldn’t have minimal steadiness on the finish of the monetary 12 months. This is anticipated to shock the small financial savings scheme in rural areas.

The postal division has set new limits for minimal and most steadiness for its different schemes together with financial savings account. The financial savings account will now be opened with a minimal rupees 5 hundred and will probably be necessary to maintain such a minimal steadiness within the account. If there’s zero steadiness within the financial savings account on the finish of the monetary 12 months, then the postal division will routinely shut the client's financial savings account. <! –

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Increasing the minimal restrict of financial savings account will improve the troubles of postal employees. Opening a financial savings account from 50 rupees to 500 rupees is not going to be simple. This will have an effect on their targets. On the opposite hand, the Postal Union has additionally opposed this choice of the federal government. Most of the financial savings accounts are in rural areas the place college students, girls and laborers simply keep these accounts. A sword is hanging on many financial savings accounts there. This rule is not going to apply to MNREGA and pension accounts.

Minimum and most limits in post workplace plans

Name of the scheme ——– Minimum steadiness ——– Maximum steadiness

Savings Account ———– 500 ——– No Limit

Sukanya Samriddhi ——– 250 ——– 1.50 Lakh Annual

PPF ———— 500 ——– 1.50 Lakh Annual

Senior Citizen Saving – 1000 ——– 1.5 million

Monthly Savings Scheme — 1000 ——– 4.50 Lakh Individual Limit

RD Account ———- 100 ——– No restrict

Fixed Savings Account —– 1000 ——– No Limit

National Savings Letter ——- 1000 ——– No Limit

Kisan Vikas Patra —– 1000 ——– No Limit

How a lot cost for which service in post workplace

Service Name ————- Fee

Duplicate move e-book ——– 50 rupees

Statement of account ———– 20 rupees

Pass e-book issued ——– 10 rupees

Change of nomination ——– 50 rupees

Account Transfer ——– 100

Check e-book issued ——- 2 rupees per examine

Check bounced —— 100 rupees

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