Presentation on theme: "Saving Schemes at a glance 5/12/2015Rule No :. WHO CAN OPEN MAX. DEPNO. OF ACCOUNTSWHO CAN OPERATE Person of 18 yrs No LimitAny number but one in one."— Presentation transcript:
WHO CAN OPEN MAX. DEPNO. OF ACCOUNTSWHO CAN OPERATE Person of 18 yrs No LimitAny number but one in one PO (Joint with separate co depositors- any no.) Self/ Illiterate, blind, handicapped can operate independently or through agent Minor of 10 years or more No LimitOne account any whereself Minor through guardian No LimitOne on behalf one minorGuardian in minority period, thereafter by the depositor Lunatic through guardian No LimitOne on behalf one lunaticGuardian Medical Supdt. Of mental hospital No LimitOne on behalf one lunaticSupdt. Of Mental hospital
TYPE WHO CAN OPEN MAX. DEPNO. OF ACCOUNTS WHO CAN OPERATE JOINT A TWO OR THREE ADULTS No Limit Any number but one in one PO (Joint with separate co depositors- any no.) ALL or survivor(s) JOINT B TWO OR THREE ADULTS No Limit Any number but one in one PO (Joint with separate co depositors- any no.) Any one or two or survivor(s)
WHO CAN OPENMAX. DEPNO. OF ACCOUNTS WHO CAN OPERATE Any pensioner retired from Govt. Department either single or Joint with spouse (authorized for family pension in PPO) No LimitONE1.HO SB/SOSB- PM for depositing Pension for March on Ist April & on last working day for other months 2.PM can withdraw any amount deposited in excess mistakenly 3. Pensioner / joint holders can withdraw only
WHO CAN OPENMAX. DEPNO. OF ACCOUNTS WHO CAN OPERATE Principal of a school/college - one teacher & two students of age not below 10 years Copy of formation of Sanchaika be attached with SB- 3 No LimitONEAll three jointly. If any depositor leaves the school/college- new will be appointed by the Principal
Basic Saving account Single Account A Registered adult member of any central govt. welfare scheme Joint Account Can not be opened but NREGA account opened as joint can be continued. Minimum deposit --NIL Number of accounts- One Minimum balance - - NIL 5/12/2015Rule No :
Basic Saving account Type of deposit - w.e.f. 24/12/2012 - (a) Wages released under MNREGA Act. (b) Any other government benefit (except Indira Gandhi Old age/ widow/old age pension. ( c ) Any deposit by worker wage account holder in to his/ her account admissible under Post Office Savings Bank rules 1981. Non-transferable No cheque facility 5/12/2015Rule No :
For minor, either mother, father or legal guardian can open account. Account will be operated by the guardian who opens the account. A depositor can open any no. of Joint accounts in a PO with separate co depositors besides one Single & Pension account in his own name. In case of joint accounts, after the death of any depositor(s) the account will be treated as account in the name(s) of survivors from the date of death of that depositor(s).
If the last surviving depositor of a joint account have one single account already opened in his/her name in the same PO, one account will have to be closed. If a guardian is having one account for a minor, the same minor can open one more account in the same PO if he/she has attained the age of 10 years. But on attaining majority he/she will have to close one of the accounts.