Major changes in POSB Schemes || Gazette Notification dated 12.12.2019

For opening of new SB Account with minimum deposit of Rs.500/- and RD minimum deposit of Rs.100 & TD deposit minimum Rs.1000

In SB Penalty fee Rs 100 if the minimum of balance of Rs.500/- is maintained in the POSA Account

Old accounts which were opened on or before 12.12.2019 also have to be maintained with Minmum balance Rs.500/

1. Sukanya Samriddhi Account can deposit multiple of Rs.50/-

2.Public Provident Fund (PPF) initial deposit must be Rs.500 and subsequent deposit can multiple of Rs.50/-

4. SCSS close at any time. Before one year means interest paid ( already) will be recovery

5. MIS Minimum Deposit Rs.1000/-

6. The minimum amount of monthly deposit in an account shall be one hundred rupees or any sum in

multiples of ten rupees.

7. SB Account Initial Deposit Rs.500/- and subsequent deposit multiple of 10/- and minimum withdrawal Rs.50/-.

8. for additional cheque book Rs.2/- per cheque.

9.TD minimum Deposit Rs.1000/- with multiple of Rs.100/-

10. TD Account PMC allowed after 6 month

11. NSC and KVP Minimum Deposit Rs.1000 and multiple of Rs.100/-.