Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Post Office Savings Accounts

Post Office Savings Accounts

This scheme helps individuals, house-wives, minors and others in inculcating a habit of thrift in themselves.

  • The interest payable on balance at the credit of an account increased from 3.5% per annum to 4.00% per annum w.e.f. 01.12.2011
EligibilityAny resident adult individual singly or jointly with one or two other adults.Minor’s accounts can be opened through guardians.A minor, who has attained 10 years age, can also open the account.
Minimum amountRs. 50/- in case of account without cheque book facility.Rs. 500/- in case of account with cheque book facility.
Cheque book FacilityApplication for availing the facility of Cheque System be submitted on Form SB/CQE-4 and requisition for fresh Cheque Book for Savings Account on Form SB/CQE-4A.
Maximum AmountMaximum Rs. 1,00,000/- for an individual account, Rs. 2,00,000/- for joint account. No limit on group / institutional or official capacity accounts.
Interest Rate3.5 per cent per annum upto 30th November 2011.4.00 per cent per annum w.e.f. 1st December 2011.
Interest TaxabilityInterest upto Rs. 10,000/- for indiviuals & HUFs is exempt from income tax w.e.f 1st April 2012 ( for Assessment Year 2013-14).
Nomination facilityAvailableApplication for Nomination or Cancellation or variation of Nomination may be submitted on Form SB-55.
TransferabilityTransferable from one office to another.
Tax benefitsNot available
Taxability of InterestThe interest earned is exempt under section 10(15)(i).
Other featuresOnly one single and one joint account can be opened at one post office.No interest is payable for the balance less than Rs.50 in any particular month and for the balance more than Rs.1,00,000/- in a single account and Rs.200,000 in a joint account in a year.If the depositor dies and there is without a nomination in force at the time of his death and the amount due is not exceeding Sixty Thousand Rupees, the Department of Post Office may pay the same to a person appearing before him, who is entitled to receive it or to administer the estate of the deceased.

Post Office Savings Accounts



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