Post Office – If you have also opened a savings account in the post office, then this news is for you. According to the information received, let us tell you that the government has announced some changes for the post office savings account. Under which there has been a major change in the rules of interest and withdrawal…
Post Office Savings Account: If you have opened a savings account in the post office, then some rules are changing for you. The government has announced some changes for post office savings accounts, this includes increasing the number of joint account holders and changing the withdrawal rules. Regarding this, notification of Post Office Savings Account (Amendment) Scheme, 2023 was issued in July. Let us know what has changed for you now.
1. Joint Account-
Till now you could open post office savings account in two joint account holdings, but now it has been increased to three. Regarding this, it was said in the notification that in sub-paragraph (1), clause (b) of paragraph 3 of the Post Office Savings Account Scheme, 2019, instead of “two adults jointly”, “maximum three adults jointly” will now be taken. Will take.
The withdrawal form has been changed from Form 2 to Form 3. To withdraw even Rs 50, you will have to show your passbook. That means, to withdraw amount above Rs 50, you will have to fill the form, sign it and give it along with the passbook. Apart from this, minimum balance requirement may be imposed on withdrawals through check and electronic methods. That is, if you are withdrawing money through these methods, then this facility will be available only when there is money in your account above the minimum balance limit.
Now as per the New Post Office Savings Account (Amendment) Scheme, 2023, “In the principal scheme, in paragraph 5, in sub-paragraph (5), for the words “at the end of the month”, the words “at the end of the month” shall be used. The lowest balance in an account between the 10th day and the end of the month will receive interest at the rate of 4% per annum. This interest will be calculated and paid to the account holder at the end of that year. If an account holder dies, his/her account will be Interest will be paid only at the end of the month preceding the month in which the account is closed.