Post Offices offers a wide variety of services to the citizens other than just mail services.
Here is the list of financial and passport related services primarily being provided by the post offices to the customers.
| Post Office Passport Seva Kendras (POPSK) | Currently, providing the passport services at 442 Post Offices Passport Seva Kendras |
|---|---|
| Post Office Savings Account (POSA) |
For regular savings, withdrawals etc. Min. balance – Rs 500/- and Rs zero in case of Basic Savings Account ATM / Internet & Mobile Banking Facility / NEFT & RTGS Post office Savings Accounts with India Post Payment Bank account linkage for UPI, IMPS etc. |
| Recurring Deposit (RD) | Min. instalment (per month): Rs 100/- and thereafter any amount in the multiple of Rs 10/- Max. instalment: No limit Term: 5 Years and extendable for another 5 years |
| Time Deposit (TD) 1/2/3/5 Year(s) |
Min. Deposit (Single): Rs 1000 /- or in the multiple of Rs 100/- Max. Deposit: No limit Income Tax exemption for investment in 5 Year TD Extension – Twice after completion of term |
| Monthly Income Scheme (MIS) |
For source of monthly income Min. Deposit: Rs 1,000/- or in its multiple Max. Deposit: Rs 9.0 lakh /- (individual); Rs 15 lakh (in Joint) Term – 5 Years |
| Senior Citizens Savings Schemes (SCSS) | Special scheme for Senior Citizens For source of quarterly income Min. Single Deposit: Rs. 1,000/- or in its multiple Max. Deposit: Rs. 30,00,000/- Term – 5 Year and extendable after the expiry of each block period of three years |
| Public Provident Fund (PPF) | Min. Initial Deposit: Rs 500/- Max. Deposit: Rs 1,50,000/- in a Financial Year Min. Subsequent deposit in the multiple of Rs 50/- Income Tax exemption for investment Tax free Interest Term – 15 Years and extendable further |
| Sukanya Samriddhi Yojana Account (SSA) | Special Scheme for girl children Min. Initial Deposit: Rs 250/- Max. Deposit: Rs 1,50,000/- in a Financial Year Min. Subsequent deposit in the multiple of Rs 50/- Income Tax exemption for investment Tax free Interest Term – 21 Years |
| National Savings Certificate – VIII Issue (NSC) |
Minimum investment – Rs 1,000/- Maximum investment: No limit – In multiples of Rs 100/- Income Tax exemption for investment Term – 5 years |
| Kisan Vikas Patra (KVP) | Minimum investment – Rs 1,000/- Maximum investment: No limit – In multiples of Rs 100/- Maturity – Double the amount of investment |
| Mahila Samman Savings Certificate (MSSC) | Special Scheme for Women and girl children Investment is allowed from 01.04.2023 to 31.03.2025 Minimum investment – Rs 1,000/- Maximum investment: Rs 2 Lakh per individual – In multiples of Rs 100/- 3 months-time-gap between the opening of accounts Term – Two years Lockup period – 6 months |
| PM Cares for Children Scheme 2021 | Special scheme for the beneficiaries identified by Ministry of Women and Child Development Initially, 4515 accounts were opened and funded Investment differs based on the age of child and maturity amount is Rs10 Lakh MIS Interest is payable on 10 Lakh from the age of 18 to 23 Maturity at the age of 23 of the account holders. |
| India Post Payment Bank (IPPB) |
Savings and current accounts
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