Post Office Savings Bank Interest Rates. Savings Bank Accounts at Post Offices Will be Linked to IPPB Accounts. Minimum Amount for opening of account and maximum balance that can be retained.
You can carry out many transactions using mobile or online banking. Many Post Offices also have cash machines, so you can also withdraw money and check your balance using those. Savings accounts help customers park their money safely with banks.
Interest will be calculated at applicable Savings Bank Interest Rate on the daily available balance and same will be paid at quarterly rests.
Compare the latest interest rates across the different Post Office® Savings Accounts.
Post Office Monthly Income Scheme (MIS). Banking with an online bank that's a member of the Federal Deposit Insurance Corp. (FDIC), can be a great way to earn a higher rate and ensure your money stays. The post office small savings investments such as NSC, KVP, Time-deposits, PPF, SCSS, SSY etc. are hugely popular amongst the investors looking for safe and fixed returns.