There will be a charge for depositing and withdrawing money
If you have a savings account in the post office, then get ready to pay for depositing and withdrawing money. Several new rules are going to be introduced in the post office from 1 April.
Know what is the new rule
>> According to the new rules, there will be no charge for transactions in a basic savings account 4 times a month. After this, withdrawal of money will be charged as 0.50 per cent or 25 rupees per transaction fee.
>> If you have a saving account and current account, you can withdraw up to Rs 25,000 every month. There will be no charge. For withdrawing more money, a fee of 0.50 percent or at least 25 rupees will have to be paid.>> Customers can deposit up to Rs 10,000 every month, no extra charges will be charged from them. For depositing more than this, they will have to pay 0.50 percent of the amount to be deposited or at least Rs 25 for every deposit.
>> If you have a non-IPPB account, you can conduct 3 free transactions. These rules are for mini statement, cash withdrawal and cash deposit. After the free limit is over, a charge will have to be paid on every transaction. After the limit is over, a charge of 20 rupees will have to be paid on any deposit.
>> Apart from this, Rs 5 will be charged for fund transfer. All account holders will have to maintain a minimum balance of Rs 5,00 in IPPB. If the minimum balance is not in your account, then an additional fee of Rs 100 will be levied.
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Currently these are small savings schemes in the post office
(1) Public Provident Fund
(2) Sukanya Samriddhi Yojana
(3) Senior Citizen Savings Scheme
(4) National Savings Letter
(5) Kisan Vikas Patra
(6) Post office time deposit for 5 years