Post office savings account: Now, maintain minimum balance or pay fine1 min read 11 Dec 2020, 01:02 PM IST
Post office savings accounts currently offer 4% per annum while the minimum amount required for account opening is ₹500.
In an important announcement for post office savings bank account holders, Department of Post has said that now maintaining a minimum balance in Post Office Savings Account is mandatory. "Maintain a minimum balance of ₹500 in your savings account. Assure your savings account has a minimum balance amount by 11th December, 2020, failing which maintenance charge ₹100 plus GST will be deducted from your account."
Select your Category