Post offices in India offering banking services since 1882, after establishment of The Post Office Savings Bank of India (POSB) in 1882.
earlier post office savings bank account passbook entry where manual with typical post office date stamping method what we used to see in postal stamp above our postal delivery envelops.
Now, it is modernised with e-passbook, m-passbook, printed passbook, online statements, Core banking Facilities, ATM card, chequebook etc.
Eligibility: accounts can be opened by visiting nearest post office, organisation offers almost all type of savings account - single, joint, minor, etc.
Minimum Deposit: 500/-
Interest: 4.0% per annum
Facilities: following facilities are available on demand – one need to fill a separate form to activate any of this services or facilities
(i)Cheque book
(ii)ATM Card
(iii)ebanking/mobile banking
(iv)Aadhaar Seeding
(v)Atal Pension Yojana (APY)
(vi)Pradhan Mantri Suraksha Bima Yojana (PMSBY)
(vii)Pradhan Mantri Jeevan Jeevan Jyoti Bima Yojana (PMJJBY)
