Most of the people want to know how many types of accounts are opened in the post office . Yes, if you are an Indian then you must know which accounts are opened in the post office. Because we know very well, the post office is a government organization of our country India, where banking facilities are also being provided at the present time. That is, like other banks, by opening many types of accounts in the post office, along with interest on your deposited money, various types of banking facilities can be availed. If you want to know the types of accounts in the post office, then definitely read the whole article, you will get the answer in this article.

How Many Types of Accounts are Opened in Post Office?

The following types of accounts are opened in the post office:-

1. Post Office Savings Account

Savings account in post office is such a type of account, which is being opened by more and more people, because at present 4% interest is being given on the money deposited in this account, which is the interest rate available on the savings account of other banks. Much more than Various types of banking facilities are also available for this account.

2. Senior Citizen Savings Account

Senior Citizen Savings Account is specially offered to individuals above 60 years of age. Up to 8.2% interest is given on the money deposited in this account. The minimum amount to invest in it is not fixed, but the maximum amount is fixed up to 15,00,000.

3. Sukanya Samriddhi Account

Account for girls is opened under Sukanya Samriddhi Yojana. Under this scheme, up to 8.0% interest is made on a minimum investment of Rs.1000. The biggest advantage of Sukanya Samriddhi account is that there is no tax on deposit-interest and the entire money can be withdrawn by closing the account in between.

• Read Also What Does It Take to Open a Bank Account?

4. National Savings Certificate Account

Under the National Savings Card Scheme, a single person or a minor child can earn up to 7.7% interest by opening an account and investing for 5 years. The minimum amount to invest in this account is Rs 100, while the maximum amount is not fixed.

5. Kisan Vikas Patra Account

Even though this scheme is for farmers, but other people can also get 7.5% interest by investing a minimum of 1000 rupees in it. There is no limit on the maximum amount that can be invested in this account. By joining this scheme, double money can be made in 10 years or can be withdrawn in between if required.

6. Monthly Income Account

Under this scheme, instead of the amount deposited in the account, a fixed amount is given as interest every month for the next 5 years. And after 5 years the deposited money is also given back. The benefit of 7.4% interest is being given on investing in this scheme.

7. Fixed Deposit Account

This account can be opened with a minimum of Rs.200. And different periods and interest rates have been kept for investing in it. For example, a maximum of 7.0% is given on an investment of 5 years. This type of account can also be transferred to any other person.

8. Recurring Deposit Account

In this post office account, a fixed amount has to be deposited every month for a fixed period, on which the interest rate is 6.5% per annum. This account can also be opened single or joint.

9. General Provident Fund Account

The prescribed period in the General Provident Fund Account ie PPF scheme is 15 years and 7.1% interest rate is being provided in it. The minimum amount to invest in PPF is Rs 500 and the maximum amount is Rs 1,50,000.

10. National Pension Scheme Account

This scheme has been made by the post office to provide benefits after retirement. Only the retired person can take advantage of this. There is some tax exemption on investment in the National Pension Scheme and there is no upper limit for investing in it.

FAQ

Who can open an account in the post office?

Any Indian citizen can open an account in the post office through necessary documents.

Can I open a joint account in the post office?

Yes, a joint account can be opened in the post office under the savings scheme.

How much interest is earned on post office savings account?

Interest is received at the rate of 4% on the savings account in the post office.

Can I withdraw money from any post office?

Yes, you can withdraw money from any post office.