Savings scheme

Revised postal savings plan withdrawal rule: here

India Post Saving Scheme: Here is good news for account holders in Post Office. India Post has increased the withdrawal limit for its customers. With this change, India Post can compete with commercial banks and their savings plans.Read also – Postal savings plan: just invest Rs 1000 in Kisan Vikas Patra and get a double return at maturity | Details here

In accordance with the new change made by the India Post, account holders can now withdraw up to Rs 20,000 per day at the Gramin Dak Seva branch. Previously, the withdrawal limit was 5,000 rupees. Also Read – India Post GDS Recruitment: Bumper Vacancies Advertised for Various Positions; Check eligibility, last date, age limit

India Post, in its new guidelines, said that no Post Manager (BPM) would accept a cash deposit of more than Rs 50,000 into an account in one day. This means that cash transactions over Rs 50,000 cannot be done on one account in one day. Read also – Public provident fund of the post office: it is enough to invest 500 rupees per year; Earn better interest, tax benefits

New rules for PPF, KVP, NSC

In accordance with the new Indian Post rules, deposit or withdrawal will be by check for Public Provident Fund (PPF), Seniors Savings Scheme (SCSS), Monthly Income Scheme (MIS), Kisan Vikas Patra (KVP), National Savings Certificate Schemes (NSC).

Postal Savings Plan: Minimum balance

Note that an interest of 4% is granted on the Postal Savings Plan. Account holders should know that they must keep a minimum balance of Rs 500 in the account of the savings plan of the Post. However, if the minimum balance is less than Rs 500, then Rs 100 will be deducted as an account maintenance fine.

List of Swiss Post savings plans:

  1. 5 year recurring post office deposit account
  2. Post office fixed deposit account
  3. Post monthly income plan account
  4. Seniors Savings Plan
  5. 15-year public provident account
  6. Sukanya Samriddhi Account
  7. National Savings Certificate
  8. Kisan Vikas Patra

Postal savings plans: interest rate

  1. Plan interest (percentage / annual)
  2. Post Savings Account: 4%
  3. 1 year TD Account: 5.5%
  4. 2-year TD Account: 5.5%
  5. 5 Year TD Account: 6.7%
  6. DR over 5 years: 5.8%
  7. Seniors Savings Plan: 7.4%
  8. FPP: 7.1%
  9. Kisan Vikas Patra: 6.9%
  10. Sukanya Samriddhi Account: 7.6%


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