need of opening a post office
Answers
Answer:
what you want to write about it can you plz tell??
Answer:
Opening a savings account through post office is way easier than savings accounts in banks. Let us take a look at its benefits.
A post office savings account requires a minimum balance of Rs. 20 to open the account.
The cash can be withdrawn either partly or completely if need be.
The risk exposure is very less to the account holders because they can avail an assured return on all the investments.
The account can be transferred from one post office to another.
Core banking post offices also provide the facility of ATM/Debit cards.
An account can be opened in the name of minor who is below the age of 10 years. It will be managed and operated by the parent or guardian.
An account holder can nominate a person to whom the funds will be provided in case of any demise to the account holder.
Post office savings account does not have any maturity period. Hence, the account opening process is hassle-free and quick.
An individual account can be converted into joint account and vice-versa.
People residing in a rural area can open a savings account with the post-office.