1. Public Provident Fund Scheme

You can open an account in the Public Provident Fund (PPF) scheme with a minimum of Rs 500. This account can be opened in the nearest post office branch or designated bank branch. In this account, you can deposit minimum Rs 500 and maximum Rs 1.5 lakh in a financial year. From January 1, 2023, this scheme is offering 7.1 percent interest annually. The maturity of PPF account is 15 years.

2. Kisan Vikas Patra

Kisan Vikas Patra (KVP) is a fixed rate small savings scheme, in which you have to deposit a lump sum amount. This scheme of the post office has been specially designed for farmers. At present, interest on this scheme is 7.5 percent. You can invest a minimum of Rs 1000 and in multiples of Rs 100 in the post office Kisan Vikas Patra Scheme. There is no limit on maximum investment. The good thing is that any number of accounts can be opened under this scheme.

3. Sukanya Samriddhi Account

To secure the future of daughters, Sukanya Samriddhi Yojana is run by the government. In this scheme, guaranteed interest is available and the benefit of compounding interest is available. At present, interest is being given on this scheme at the rate of 8 percent. Let us tell you that the minimum investment in SSY can be Rs 250 and maximum Rs 1.5 lakh can be deposited annually.

4. National Savings Certificates

This scheme of NSC is a great way to earn guaranteed income without taking any risk. NSC interest rates have been increased from 7 percent to 7.7 percent per annum. The specialty of this small savings schemes of the post office is that there is no maximum limit on investment. At the same time, multiple accounts can be opened in it. There is also the benefit of tax deduction up to Rs 1.5 lakh under section 80C of Income Tax on deposits in NSC. According to the information given on the post office website, if you invest Rs 1000 in NSC, then after the next 5 years you will get Rs 1,449.

5. Post Office Saving Account

It is necessary to have a minimum of Rs 500 in the post office savings account. If the amount is less and remains below this limit at the end of the financial year, then a maintenance fee of Rs 50 will be deducted. In this you get interest at the rate of 4.0% per year. Like banks, you also get many types of facilities on post office savings account.

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There are more than 1.5 lakh post office branches across the country. Apart from investing in different types of schemes, the post office also provides the facility to open a savings account. You can deposit money in it just like banks and withdraw it when needed. In such a situation, if you also want to open a Post Office Saving Account in the post office, then we are giving you information about the interest rate and different charges available on it.

Charges will have to be paid for post office savings account

To avail the post office services, customers have to pay a fee. There are many charges associated with its savings account, about which it is very important to have the right information. If you have to pay different fees for many 8 services like duplicate passbook, issue of account statement or deposit receipt, replacement of old passbook, transfer of account, check bounce.

Paying this much charge for these 8 services-

• Rs 50 will be charged for duplicate passbook
• A fee of Rs 20 has to be paid for issue of account statement or deposit receipt
• For a new passbook in place of a torn passbook, you will have to pay Rs 10 per passbook.
• For cancellation or change of nomination, a fee of Rs 50 will have to be paid.
• A fee of Rs 100 will have to be paid on account transfer.
• A fee of Rs 100 will have to be paid for pledging the account.
• In case of check bounce, a fee of Rs 100 will have to be paid.
• In the savings account, there will be no charge for up to 10 leaves of the check book. After this, a fee of Rs 2 will have to be paid for every page.

How much interest is available on post office savings account

All account holders get an interest rate of 4 percent on the savings account of the post office. Also, you do not have to verify your identity if you withdraw an amount of less than Rs 10,000 in the account at once. At the same time, you have to give ID on withdrawal of more than this. You can deposit a minimum of Rs 500 in this account and a minimum withdrawal facility of Rs 50 is available.

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