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To know details and interest rates of National (Small) Savings Schemes kindly visit https://www.indiapost.gov.in/Financial/Pages/Content/Post-Office-Saving-Schemes.aspx An account for any of the National (Small) Savings Schemes can be opened by Indian resident by himself/herself by visiting the Post Office in person along-with KYC documents ...
How to open an account in post office and its requirements? To open an account [Savings Bank(SB), Recurring Deposit(RD), Time Deposit(TD), Monthly Income Scheme(MIS) SB3, SB103 (pay-in-slip) and specimen signature slip for SB and TD are required.
Jun 11, 2024 · The Post Office Saving Schemes include several reliable products and offer risk-free investment returns. Around 1.54 lakh post offices spread all over the country operate these schemes. For example, the government operates the PPF scheme via 8200 public sector banks and post offices in each city.
Post office saving schemes are easy to enrol in and require limited documentation as simple procedures in post offices ensure that these saving schemes are safe investment tools and provide a fixed return as they are backed by the government.
The Post Office Monthly Income Scheme is a savings scheme offered by India Post to its users. It has been constructed in a way that gives monthly income to its investors. It comes with several perks, such as being accessible to any Indian citizen and being able to be utilized through single accounts, joint accounts, or even minor accounts.
3 days ago · Read on to know in detail about the various small saving schemes offered by the Post Office including Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC), Kisan Vikas Patra, Post Office Monthly Income Scheme, Senior Citizen Savings Scheme (SCSS) and more.
Interest can be drawn through auto credit into savings account standing at same post office, through PDCs or Money Order. In case of SCSS accounts, quarterly interest shall be payable on 1st working day of April, July, October and January. It will be applicable at all CBS Post Offices.
