Benefits of Post Office Account
What are the benefits of opening account in post office
Opening an account in Post Office is having more benefits by opening account at SBI. On opening Recurring Deposit account in Post Payments Bank will have more benefits than SBI account. Anyone can open their account with Rs.10/- of investment in Post Payments Bank. On savings account SBI gives 3.50% interest, while Post bank gives 7.2% yearly interest, which in double than SBI saving account interest.
post office rd account check online
post office savings account online opening
Post office Bank gives some benefits to customers which having less investment & more benefits on investment. Also there are some benefits as same as Life Insurance Policy for bank customers. For senior customers, there is pension payments scheme as per Mahatma Gandhi National Rural Employment Gurantee Act.
Recurring Deposit Account can be open from any post office or from online method with cash amount as per the requirement. Also there is facility to transfer account from one post office to another post office. Before opening RD account, make sure where we can get more benefits. If any bank gives more than 10 thousand interest then in that case, it may possible that the beneficiary is need to pay the tax. In post account for 1 to 5 RD scheme customers will pay of 6.9% interest.
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