Big news is coming out for the post office account holders. There is a change in the rules of the post office on April 1, which will have a direct impact on some schemes. Know in this news what changes will happen in which scheme.
There is going to be a change in the schemes running in the post office. This change will be applicable from April 1 because, the new rules of some of the post office schemes are changing.
In the rules that will come into effect from April 1, customers will now have to have time deposit account. To invest in Senior Citizen Savings Scheme and Monthly Income Scheme, you have to open a savings account or bank account.
Along with this, the interest which was earlier available on the amount deposited in small savings, will now be deposited in the savings account or bank account of the post office. Along with this, it has also been made mandatory to link the already existing bank account or post office account with the small savings account of the post office.
At the same time, there are unlimited free transactions on India Post Payment Bank, but now free transactions will happen only three times. The three free transactions are mini statement, cash withdrawal and cash deposit facility. After the free limit is exhausted in India Post Payment Bank, charges will have to be paid on every transaction.
This fee will remain on the savings and current account of the post office
There will be no charge for withdrawal of Rs 25,000 in a month in the savings and current account of the Indian Post Office. After this, if the customer withdraws, then he will be charged a minimum of Rs 25 or 0.5 percent of the total withdrawal amount.
Along with this, if the customer makes a cash deposit of up to Rs 10,000 in a month, then there will be no charge. If you deposit more than that, then a minimum fee of Rs 25 will be charged on the post office savings account deposit.
