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

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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/-.

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