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Minimum balance one should maintain in post office schemes
There are many options for saving or investing in the post office. However, you have to maintain a minimum balance in the account
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36.80 cr post office savings bank accounts opened in 7 yrs
India Post serves more than 50 crore POSB customers across the country. This number is 1.5 times the entire population of USA
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Here’s how you can access your post office savings account online
For getting the access to your account online, you must sign up for the net banking and mobile banking services
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Zero-Balance Post Office Savings Account: Know if you are eligible
The account can be used to avail the government benefits like subsidies, pension, scholarship, etc.
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Post office savings account scheme: What is the new penalty for non-maintenance of minimum balance?
As per the new amendments in the post office account scheme, the penalty of Rs 50 has to be paid by the account holder if the minimum balance remains
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Keep at least Rs 119 in your post office savings account to avoid closure
There is no way of reviving a closed account and one has to open a new one
