Post Office Ni Moti Skim Full Details Open 2020
Post Office Ni Moti Skim Full Details Open 2020
Post Office 2020 15 year Public Provident Fund Account (PPF ): Interest
payable, Rates, Periodicity etc. Minimum Amount for opening of account and
maximum balance that can be retained From 01.07.2019, interest rates are as
follows: 7.9 % per annum (compounded yearly).
Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial
year.
Deposits can be made in lump-sum or in 12 instalments.
Salient features including Tax Rebate
An individual can open an account with INR 500/- and a
deposit minimum of INR 500/- in a financial year and maximum INR 1,50,000/-
(including amount deposited in a minor account opened on behalf of
guardian)....
Joint account cannot be opened and only one account can be
opened by a citizen in India Account can be opened by cash / Cheque and In case
of Cheque, the date of realization of Cheque in Govt. account shall be date of
opening of account Nomination facility is available at the time of opening and
also after opening of account. Account can be transferred from one post office
to another
The subscriber can open another account in the name of minors but
subject to maximum investment limit by adding balance in all accounts Maturity
period is 15 years but the same can be extended within one year of maturity for
further 5 years and so on Maturity value can be retained without extension and
without further deposits also Premature closure is can be allowed after 5 years
from the end of the year in which the account was opened subject to the following
conditions. 1% interest will be deducted from the date of account opening.
Important Link:
Read In Gujarati Indian Post Office Scheme: Click Here
