Saturday, October 07, 2017

India Post Bank-Cheap & Effective Banking



First, register for internet banking at the post office where you hold an account. Normally the application is processed within 10 days. You will either get the login details through the post or you’ll have to personally collect them from the post office.

The online PO savings account allows you to access A/c summary, savings account details, RD A/c detail, PPF A/c detail, Term Deposits A/c detail, NSC A/c detail, Loan on RD/PPF and TDS detail. You can use the account to transfer funds, withdraw your PPF, manage Payee/Billers, service request, etc.

How to Open a Post Office Savings Account

A Post Office savings account can be opened at any post office with a minimum balance of Rs 20. Single account holders can deposit a maximum of Rs one lakh while joint account holders can deposit a maximum of Rs two lakhs. One of the main features of a Post Office savings account is that there is no lock-in or maturity period. Opening an account of this kind is relatively hassle-free, since one can walk into any post office, complete the formalities with the clerk, and open an account immediately .

https://ebanking.indiapost.gov.in

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