If you have got an account within the post workplace, then this information can undoubtedly be an enormous loss to you

by Jeremy Spirogis
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New Delhi: If you have got a financial savings, PF or Sukanya account within the post workplace, it’s important that you realize the brand new guidelines associated to it. As per the brand new guidelines, you’ll have to preserve a minimal of Rs 500 in your account. If you don’t do that, you’ll have to pay a superb of Rs 100 from the final working day of the monetary 12 months, ie after 31 March 2020. <! –

                 This can be carried out yearly. Also needless to say you can not preserve your account steadiness zero. If this occurs, your account can be closed.

The Department of Post has elevated the minimal steadiness restrict from Rs 50 to Rs 500. The post workplace will cost Rs 100 as penalty if the minimal steadiness is decreased. If there’s zero steadiness within the account, then will probably be closed. However, the division has not made any adjustments within the guidelines for opening accounts for daughters Sukanya Samriddhi Yojana, PPF Account, Senior Citizen Savings Account and Monthly Deposit Scheme (MIS) account.

Benefits of opening a financial savings account within the post workplace

The minimal quantity to open an account is 20 rupees. Personal / joint accounts get 4.0% annual curiosity. The minimal steadiness required in a non-check facility account is Rs. 50 / -. At the identical time, test facility is offered on opening an account with 500 rupees. This is the explanation that it is very important have a minimal steadiness of 500 rupees in such an account.

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