2 min read.Updated: 26 Sep 2022, 12:57 PM ISTLivemint
It must be noted that 4% interest is given on the Post Office Saving Scheme
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Like a bank savings account, one can also open a savings account with a post office. Recently, the Department of Posts changed the cash withdrawal rules. This is applicable for high value withdrawal of ₹10,000 and above. In a circular dated 25 August, the Ministry of Communications had stated that for withdrawal of High Value Withdrawal of ₹10,000 and above in Savings Accounts at Branch Post Offices, Verification is needed.
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