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Post Office savings account: Know benefits, interest rates and eligibility | EXPLAINEDPost office savings accounts offer better interest rates than banks, with a minimum balance requirement of only Rs. 500. Facilities like cheque book, ATM card, and e-banking are also provided.
The interest rate for Monthly Income Account scheme has also been hiked to 7.4% from 7.1%. The maximum deposit limit for MIS has been increased from Rs 4.5 lakh to Rs 9 lakh for a single account ...
The interest earned from savings schemes like PPF, Sukanya Samriddhi Account and SCSS enable ... and risk-free nature The interest rates in the various post office savings schemes range from ...
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