POSB (Post Office Savings Bank) Scheme short Notes. Postal SB (Savings Bank) consolidated features, Guidelines, Details etc prepared by PTC (Postal Training Centre) Madurai. Postal National Savings Scheme (NSS) Rules based on gazette notification 12.12.2019.
Download Postal Savings Scheme (POSB) consolidated rules in PDF
Who Can Open Post Office SB, RD, TD, MIS, SCSS, SSA, PPF, NSC & KVP?
SB, RD, TD & MIS Account can be opened by an Adult, Minor attained age of 10 years operated by self or guardian.
PPF, NSC & KVP by Adult Guardian on behalf of minor
SSA By one guardian in the name of a girl child < 10 yrs
SCSS Account By an individual on 60 yrs 55 to 60 yrs – on superannuation – to be opened within one month Retired personnel of Defence Service( excluding Civilian defence employees) if 50 years
What is the Minimum Amount Required for Opening of Post Office SB, RD, TD, MIS, SCSS, SSA, PPF, NSC & KVP Accounts?
SB (Savings Bank) Account with Rs 500
RD (Recurring Deposit) Account with Rs 100 & multiple of 10
TD (Time Deposit) Account with Rs 1000 & multiple of 100
MIS (Monthly Income Scheme) & SCSS (Senior Citizen Savings Scheme) Account with 1000 & multiple of 1000
SSA (Sukanya Samruddhi Account) by Rs 250 & multiple of 50
KVP (Kisan Vikas Patra) & NSC (National Savings Certificate) by Rs 500 & multiple of 50
PPF (Public Provident Fund) with Rs 500 & multiple of 50
