Post Office Savings Account
Savings Account
- Any individual can open an account.
- Â Cheque facility available.
| Types of Account | Maximum Limits |
| Single Account | INR. 1 Lakh |
| Joint Account | INR. 2 Lakh |
- Group Account, Institutional Account, other Accounts like Security Deposit account & Official Capacity account are not permissible
- Rate of interest 3.5% per annum
Savings Bank Act