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Saving account for petty saving and receiving transactions.

  • A person may open the account in his own name individually or jointly with an adult person.
  • A person may open the account on behalf of minor of whom he is the guardian or a person of unsound mind
  • A minor who has attained the age of 10 year may open the account independently.
  • Zero balance account for beneficiaries of MNREGA and otherGovt. Schemes.
  • Current Rate of Interest Payable.
  • Interest earned up to Rs. 10,000 in a financial year qualify for deduction from Income under section 80TTA of Income Tax Act.

Click for Post Office Savings Account Rule.

Click for Post Office Savings Account Forms.

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National Savings Institute, Ministry of Finance (DEA) Govt. of India First Floor,ICCW Building.4,Deen Dayal Upadhayaya Marg,New Delhi-110002.
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