How to Open a Post Office Savings Account Online?

Check Post Office Savings Account Benefits, Features and Account Opening Process

Details of Post Office Savings Account Online Opening

Minimum initial deposit

Minimum balance for account without cheque book

Minimum balance or initial deposit for account with cheque book

Rate of Interest

Tax Benefit

INR 20

INR 50

INR 500


Up to INR 10,000/year

How to Open Post Office Savings Account Online & Offline

Steps for Post Office Savings account Online Opening:

– Visit the official website of India Post

– Go to ‘Savings Account’ option and select ‘Apply Now’

– Fill the form with appropriate information and details such as name, contact number, address, DOB, etc. Now click the tab of ‘Submit’

– Also furnish a passport size photograph

– Pay a minimum deposit amount of INR 20

– The details will be verified by the concerned post office authorities

– The details will be verified by the concerned post office authorities

Steps for Opening Savings Bank Account Offline:

Below are some ways to use water apples in your diet:

– Visit your closest branch of post office

– Get the application form of savings account

– Carry all ID proofs like Aadhaar, PAN, as well as Address proof

– Fill the form thoroughly and attach a passport size photograph on the form

– Once you fill the form appropriately along with attaching a passport size photo, submit it to the branch

– Pay the minimum amount of money required and submit the documents required

– The savings account of post office will be activated within a week or so

Benefits of Post Office Savings Account

Further, there are other benefits of Post Office Savings Account (POSA) as mentioned below:

– The POSA has no lock-in period

– It allows the account holder to open joint account as per requirement

– The facility of POSA is available in the remotest of areas across India

– The account holder can move POSA from one branch to another in the country

– The account holder can avail tax benefits of up to INR 10,000

Features of Post Office Savings Account

Here are the salient features of the POSA:

– A post office savings account can be opened by paying cash only

– Minors above the age of 10 years can also open as well as operate a POSA.

– In that case, a guardian/parent can open the account in the name of the minor

– The account holder can choose the nominee of the account while opening the account or after the account is opened

– An Individual is allowed to single online post office account opening and a joint account as per requirement

– To keep the account active, a minimum of one transaction in 3 financial years is required

– An account holder can move a single account into a joint one and a joint account into a single one as per requirement

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