experience more than 5 years, Duration 7 days Postal Schemes, area located pan india, brand category All Brands

Monthly income scheme mis safe & sure method to obtain a regular monthly income specially suited for retired employees/ senior citizens or any one with high sum to allocate funds towardsterest percentage 8. 4% maturity period, Five years no bonus on maturity w. E. F. 01. 12. 2011 auto credit facility to sb account. Type of account minimum limit maximum limitsingle inr 1500/, Inr 4. 5 lakhsjoint inr 1500/, Inr 9 lakhs recurring deposit any individual a single adult or two adults jointly can open an account advance deposits earn rebate four defaults are allowed rate of interest 8. 40% defaults can be paid within two months part withdrawal facility available premature closure allowed after three years pay roll savings scheme functions as available for employees of various establishments type of account minimum deposit maximum depositindividual account inr. 10/, And in sets of inr. 5/, Thereafter no limit. Time deposit any individual a single adult or two adults jointly can open an account group accounts, Institutional accounts and misc. Account not regimental fund, Permissible trust or welfare fund not permissible 2 year, To invest 1 year, 3 year and 5 year td can be opened if there exists a premature closure of 1 year, 2 year, 3 year or 5 year account beginning from 01. 12. 2011, If the deposit is withdrawn after 6 months but before the expiry of one twelve months following the date of deposit, Simple interest at the rate applicable to throughout different times time to post office savings account shall be payable in case of premature closure of 2 year, 3 year or 5 year account on or after 01. 12. 2011, If the deposit is withdrawn after the expiry of one year commencing at the date of deposit, Interest on such deposits shall be calculated at the rate, Which shall be one per cent below the rate specified for an interval of time of deposit of 1 year, 2 year or 3 years as mentioned in the concerned table given under rule 7 of post office time deposit rules rate of interest, 8. 40%, 8. 40%, 8. 40%, 8. 50% compounded quarterly for 1, 2, 3 &5 years td account respectively w. E. F 01. 01. 2014