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  • Form -12 (see Rule 11 Of Government Savings ... - India Post

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FORM 12 (See Rule 11 of Government Savings Promotion Rules, 2018) Letter of authority to open or operate an account under National Savings Schemes on behalf of depositor suffering from physical infirmity.

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In a Post Office savings account the amount deposited can be withdrawn at any time as per the depositor's needs. The withdrawal is, however, subject to the maintenance of a minimum balance of Rs. 50 in a simple account and Rs. 500 for accounts with cheque facility.

My account has been closed - how do I reclaim my funds? Reclaim form: Fill out the reclaim form in the link and send it to Post Office Savings, PO Box 87, Armagh, BT61 OBN or you can; Telephone: Call us on 0800 169 7500 to see if we can return your balance over the phone.

Can I double my money in 5 years in the post office? There are many investment options offered by the post office that can be availed to double your money in 5 years. However, to double money with KVP, you would have to wait for a period of over 10 years.

Service Charges / Fees for Premium Savings Account EligibilityAnybody above 10 years with KYCInitial Minimum DepositINR 200Mandatory Minimum Account BalanceNILMaximum End of Day BalanceINR 2,00,000Nomination FacilityAvailable21 more rows

There is no maximum amount that can be kept in a savings bank account in Indian banks. However, there is a cash deposit limit of ₹1 lakh per day per account. This means that you cannot deposit more than ₹1 lakh in cash in a savings account in a single day.

Yes, the account holder has to ensure a minimum balance of Rs 500, which means additional withdrawal requests are rejected. Failure to maintain the Rs 500 minimum balance at the end of a financial year attracts an account maintenance fee of Rs 50. The account is closed automatically once the balance is nil.

In the unfortunate event of the death of the SCSS account holder, no penalty will be applied to the account. However, the rules state that the SCSS account must be closed.

(i) Account can be opened with minimum of Rs. 1000 and in multiple of Rs. 1000. (ii) A maximum of Rs. 9 lakh can be deposited in a single account and 15 lakh in Joint account. (iii) In a joint account, all the joint holders shall have equal share in investment.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232