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National Savings Monthly Income Account can be opened by citizens seeking regular income on their investment. It is a risk-free investment that gives monthly returns on the amount deposited. The account can be opened in the local post office as well. Documents Required to open the National Savings Monthly Income Account Account Opening Form Passport …
Senior citizen savings scheme account can be opened by Senior Citizens of India for the purpose of long-term investment. The Maturity period of such an account is 5 years. Who can open the Senior Citizen Savings Scheme Account? A senior citizen savings scheme account can be opened by any individual above the age of 60. …
Just like a fixed deposit, a post office time deposit scheme is a term deposit made for a specific amount for a certain duration of time. Post office in India offers a time deposit for 1, 2, 3 and 5 years. The investor can open a time deposit account in the post office by submitting …
The post office in India offers a variety of saving options to the citizens. These savings options are available with every local branch of the post office. A recurring deposit account is opened for a periodic deposit (monthly) of a certain amount for a specific time duration for the purpose of saving. Post office recurring …