CHANGES AS PER THE GAZATTE NOTIFICATION POST OFFICE SAVING BANK

CHANGES AS PER THE GAZATTE NOTIFICATION POST OFFICE SAVING BANK

CHANGES AS PER THE GAZATTE NOTIFICATION POST OFFICE SAVING BANK



SSA

Subsequent deposit multiples of Rs. 50/- .
FORM 1- ACCT OPENING
FORM 2- FOR PMC
FORM 3- FOR WDL
FORM 4- FOR CLOSURE

PPF

MIN INITIAL DEP FOR OPENING: RS. 500/- MINIMUM PER FY: RS. 500/-. MAX 150000
Subsequent deposit multiples of Rs. 50/-
Loan Int - 1 % (If the principal loan amt paid in within 36 months) , and 6 % if not paid or partially paid
FORM 1- ACCT OPENING
FORM 2- FOR LOAN AND WDL
FORM 3- FOR CLOSURE
FORM 4- FOR EXTENSION
FORM 5- FOR PMC

SCSS

NO LOCK UP PERIOD. ACCT HOLDER CAN CLOSE THE ACCOUNT AT ANY TIME.
            PMC
a) Before 1 year- Already paid interest amount will be recovered.
b) 1 YR - 2 YR- Deduction at 1.5 % of Deposit
c) > 2 YR-Deduction at 1 % of deposit
d) During Extension period, after one YR-NIL.
FORM 1- ACCT OPENING
FORM 2- FOR PMC
FORM 3- FOR CLOSURE
FORM 4- FOR EXTENSION

MIS

MIN INITIAL DEP FOR OPENING: RS. 1000/- AND MULTIPLES OF RS.1000/-
FORM 1- ACCT OPENING
FORM 2- FOR PMC
FORM 3- FOR CLOSURE

RD

MINIMUM DENOMINATION RS.100/- AND MULTIPLES OF 10/-
FORM 1- ACCT OPENING
FORM 2- FOR PMC
FORM 3- FOR CLOSURE/RENTION OF MATURITY AMT
FORM 4- FOR EXTENSION
FORM 5- FOR LOAN/WDL

NSC

MINIMUM DEPOSIT RS.1000/- AND MULTIPLES OF 100/-
FORM 1- ACCT OPENING
FORM 2- FOR CLOSURE
FORM 3- FOR PLEDGE

KVP

MINIMUM DEPOSIT RS.1000/- AND MULTIPLES OF RS.100/-
FORM 1- ACCT OPENING
FORM 2- FOR CLOSURE
FORM 3- FOR PMC
FORM 4- FOR PLEDGE

SB

MINIMUM DEPOSIT RS.100/- AND MULTIPLES OF RS.10/-
MINIMUM BALANCE TO BE MAINTAIN IS RS.500/-. ACCT HOLDER HAS TO DEPOSIT THE DIFFERENCE AMT WITHIN ONE YEAR.
FEE FOR NOT MAINTAINING MIN BALANCE IS RS.100/-
WDL NOT LESS THAN 50/-
NO WDL permitted which has the effect of reducing the balance to less than 500/-
CHEQUE BOOK - FREE FOR 10 LEAVES IN A YEAR. RS.2/- PER SUBSEQUENT CHQUE

FORM 1- ACCT OPENING
FORM 2- WDL AND CLOSURE

TD

MINIMUM DEPOSIT RS.1000/- AND MULTIPLES OF RS.100/-

FORM 1- ACCT OPENING
FORM 2- FOR CLOSURE
FORM 3- FOR EXTENSION
FORM 4- FOR PMC
FORM 5- FOR PLEDGE