(b) Deposit and Withdrawal: - All deposits/ withdrawals shall be in whole rupees only.Minor after attaining majority has to submit fresh account opening form and KYC documents of his/her name at concerned Post Office for conversion of the in his/her name.Nomination is mandatory at the time of opening of account.Conversion of single to joint account or vice versa is not allowed.In case of death of a Joint holder, the surviving holder will be the sole holder, if surviving holder already has single account in his/her name, Joint account have to be closed.
(iv)a minor above 10 years in his own name (iv)a guardian on behalf of person of unsound mind 4.0% per annum on individual / joint accounts
Minimum Amount for opening of account and maximum balance that can be retained Post Office Savings Account(SB) Interest payable, Rates, Periodicity etc.
