Utility: What are the various charges associated with savings accounts in the post office, see details!


India Post Office has always been a reliable provider of financial services to people across the country. Even today many people prefer to open an account with the post office and invest in their various schemes. With over 1.5 lakh branches spread across India, the post office is a popular choice when it comes to financial security.

Apart from its investment opportunities, the post office also offers savings accounts where customers can deposit and withdraw money just like a bank account. If you are interested in opening a Post Office Savings Account, you will want to know a little more about the interest rates and associated charges.


Now, you must know that customers have to pay a fee for using post office services. There are many fees associated with savings accounts, so it's important to get the right information. These charges include duplicate passbooks, account statements or deposit receipts, replacement of old passbooks, transfer of the account, check bounce, and many more. Here are the details of the charges for these services:

• Duplicate passbook: Rs 50

• Issue of account statement or deposit receipt: Rs 20

• Replacement of mutilated passbook: Rs 10 per passbook

• Cancellation or change of nomination: Rs 50

• Account transfer: Rs 100

• Pledge of account: Rs 100

• Check bounce: Rs.100

• Checkbook: Up to 10 leaves are free, beyond which charges of Rs.2 per page will be applicable.


As for interest rates, all account holders get an interest rate of 4 percent on their savings to account with the post office. Also, if you withdraw less than Rs 10,000 at a time, you do not need to verify your identity. However, ID is required for withdrawals above Rs 10,000. The minimum deposit amount is Rs 500, and the minimum withdrawal facility is Rs 50.