Saving Account : With over 1.5 lakh branches across India, the post office is a popular choice for customers when it comes to financial security.
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Post Office Saving Account: If you have opened a savings account in the post office, then do you know what are the charges on the savings account in the post office. If you do not know, then we are telling you here what are the charges levied on post office savings accounts. Indian Post Office Has always been a reliable option of financial services for people across the country.
At present many people still prefer to open an account with the post office and invest in their various schemes. With over 1.5 lakh branches across India, the post office is a popular choice for customers when it comes to financial security.
Explain that in addition to its investment opportunities for customers, the post office also provides savings accounts, where customers can deposit and withdraw money just like a bank account. If you are interested in opening a Post Office Savings Account, you should find out a little more about the interest rates and associated charges.
Important information for customers
Now you must be aware that in order to access post office services, customers have to pay. There are many fees associated with savings accounts, so it is important to get the right information. These charges include duplicate passbook, account statement or deposit receipt, replacement of old passbook, account transfer, check bounce, and many more, here are the fees for these services.
Know when and how much the fees will be
- Duplicate Passbook: Rs 50
- Issue of account statement or deposit receipt: Rs 20
- Replacement of torn passbook: Rs 10 per passbook
- Cancellation or change of nomination: Rs 50
- Account Transfer: Rs 100
- Account pledge: Rs 100
- Check Bounce: Rs 100
- Check Books: Up to 10 leaves are free, beyond which a charge of Rs 2 per page will be applicable.
Know how much interest is received?
Explain that all account holders get 4 percent interest rate on their savings account with the post office. Also, if you withdraw less than Rs 10,000 at a time, you do not need to verify your identity. However, ID is required for withdrawals above Rs 10,000. The minimum deposit amount is Rs.500, and a minimum withdrawal facility of Rs.50 is available.
