For your savings account to remain active, you have to maintain a minimum balance of Rs 500. If you do not maintain the minimum balance then an amount of Rs 100 is deducted from your account as maintenance fee.
Post Office Saving Account Rules
People often rely more on government schemes to earn profits with safety on their money. Usually people open an account in a government or private bank to deposit money, especially for a savings account. But the Indian Postal Department i.e. the Post Office also runs many types of schemes where the return on money is not only good, as well as there is a complete guarantee of the security of the money. But in some rules of the post office, if you do not follow it, your account becomes doormat or silent. If you have also opened an account in the post office, then let us know which mistakes you should not make.
Different rules apply to different accounts of the post office. If you have opened a savings account in the post office, then you need to pay attention to some special things so that you can avoid trouble.
Do not make these mistakes on savings account
If you have opened a savings account in the post office, then keep in mind that keep doing transactions in it. Because according to the rules, if you have not done any transaction on your account for three years, then in such a situation your account becomes silent. In case the account is silent or dormant, you will not be able to get the benefit of the services related to the post office savings account.
Minimum balance of Rs 500 is required
For your savings account to be active in the post office, you have to maintain a minimum balance of Rs 500. If you do not maintain the minimum balance then an amount of Rs 100 is deducted from your account as maintenance fee. If after deducting the amount of 100 rupees in your account, there is zero amount left in your account, then your account gets closed automatically. Hence it is mandatory to maintain minimum balance.
If you have a joint account then pay attention to this thing
If you have opened a post office savings account in a joint, then it is to be noted here that if one of the account holders dies, then the remaining person will be the sole holder of that account. For this you have to inform the post office. Keep in mind that it is mandatory for you to make a nomination only while opening a post office savings account.
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