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Is there a time gap required between opening multiple Mahila Samman Savings Certificate accounts?
Yes, a time gap of three months shall be maintained between the existing account and the opening of another account
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What is the interest rate for Mahila Samman Savings Certificate?
7.5 per cent interest per annum
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How is the interest compounded and credited in Mahila Samman Savings Certificate?
Interest will be compounded quarterly and credited in account and paid at the time of closure of account
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Can I withdraw from my Mahila Samman Savings Certificate account?
Yes, 40% withdrawal of eligible balance can be taken after one year from the date of account opening
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Under what conditions can I close my Mahila Samman Savings Certificate account prematurely?
On the death of the account holder, on extreme compassionate ground, or after six months of account opening without mentioning any reason
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What happens to the interest in case of premature closure of Mahila Samman Savings Certificate account?
Scheme interest will be paid on principal amount, or scheme interest less by 2 per cent will be paid in case of premature closure after six months
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When does a Mahila Samman Savings Certificate account mature?
After two years from the date of opening, eligible balance will be paid to the depositor
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How do I open a Mahila Samman Savings Certificate account?
Submit Account Opening Form, KYC Document (Aadhaar and PAN card), KYC form for new account holder, Pay-in-Slip alongwith deposit amount/cheque at nearest post office
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What documents are required to open a Mahila Samman Savings Certificate account?
Account Opening Form, KYC Document (Aadhaar and PAN card), KYC form for new account holder, Pay-in-Slip
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Can I open a Mahila Samman Savings Certificate account at any post office?
Yes, at the nearest post office
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Is there a penalty for premature closure of Mahila Samman Savings Certificate account?
Yes, scheme interest less by 2 per cent will be paid in case of premature closure after six months
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Can I open multiple Mahila Samman Savings Certificate accounts?
Yes, but a time gap of three months shall be maintained between the existing account and the opening of another account
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What is the name of the scheme?
PM CARES for Children Scheme, 2021
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What is the time period during which the children are eligible for the scheme?
Between 11.03.2020 to 31.12.2021 (extended till 28.02.2022)
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What is the age criteria for the children to be eligible for the scheme?
Children who had not attained the age of eighteen years
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What is the role of the District Magistrate in the scheme?
Joint Account Holder and guardian for the purpose of operation of the account
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Who issues the scheme guidelines?
Ministry of Women and Child Development
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How is the account opened for an eligible beneficiary?
In the name of the beneficiary with the concerned District Magistrate as joint account holder
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What is the upfront lump-sum contribution made in the account?
From PM CARES Fund, based on the age of the eligible beneficiary
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What happens to the upfront lump-sum when the beneficiary attains 18 years of age?
It becomes ₹ 10 lakh and the account is converted into a single account of the beneficiary
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How does the beneficiary earn interest on the ₹ 10 lakh?
Through the Monthly Income Account Scheme
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What does the beneficiary receive till they attain 23 years of age?
A monthly stipend in their savings account
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What does the beneficiary receive on attaining 23 years of age?
A sum of ₹ 10 lakh
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What are the general rules applicable to the scheme?
Government Savings Promotion General Rules, 2018
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Can a single account be opened for a beneficiary who has turned 18 years or more?
Yes
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Who is responsible for the operation of the account under the scheme?
The concerned District Magistrate as joint account holder
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What is the purpose of the PM CARES for Children Scheme, 2021?
To support children who lost their parents or guardians due to the COVID-19 pandemic
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What is the interest rate for Post Office Savings Account from 01.01.2024 to 31.03.2024?
4.0% per annum
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What is the interest rate for 1 Year Time Deposit from 01.01.2024 to 31.03.2024?
6.9% per annum
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How often is the interest compounded for 2 Year Time Deposit?
Quarterly
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What is the interest rate for Senior Citizen Savings Scheme from 01.01.2024 to 31.03.2024?
8.2% per annum
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How often is the interest paid for Monthly Income Account?
Monthly
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What is the maturity value of National Savings Certificate (VIII Issue) for a deposit of ₹10,000?
₹14,490
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What is the interest rate for Public Provident Fund Scheme from 01.01.2024 to 31.03.2024?
7.1% per annum
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How long does it take for Kisan Vikas Patra to mature?
115 months
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What is the interest rate for Mahila Samman Savings Certificate from 01.01.2024 to 31.03.2024?
7.5% per annum
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What is the interest rate for Sukanya Samriddhi Account Scheme from 01.01.2024 to 31.03.2024?
8.2% per annum
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What is the annual interest for 1 Year Time Deposit for a deposit of ₹10,000?
₹708
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What is the quarterly interest for Senior Citizen Savings Scheme for a deposit of ₹10,000?
₹205
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What is the monthly interest for Monthly Income Account for a deposit of ₹10,000?
₹62
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What is the maturity value of Mahila Samman Savings Certificate for a deposit of ₹10,000?
₹11,602
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How often is the interest compounded for 5 Year Time Deposit?
Quarterly
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What is the interest rate for Post Office Savings Account from 01.01.2024 to 31.03.2024?
4.0% per annum
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What is the interest rate for 1 Year Time Deposit from 01.01.2024 to 31.03.2024?
6.9% per annum
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How often is the interest compounded for 2 Year Time Deposit?
Quarterly
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What is the interest rate for Senior Citizen Savings Scheme from 01.01.2024 to 31.03.2024?
8.2% per annum
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How often is the interest paid for Monthly Income Account?
Monthly
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What is the maturity value of National Savings Certificate (VIII Issue) for a deposit of ₹10,000?
₹14,490
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What is the interest rate for Public Provident Fund Scheme from 01.01.2024 to 31.03.2024?
7.1% per annum
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How long does it take for Kisan Vikas Patra to mature?
115 months
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What is the interest rate for Mahila Samman Savings Certificate from 01.01.2024 to 31.03.2024?
7.5% per annum
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What is the interest rate for Sukanya Samriddhi Account Scheme from 01.01.2024 to 31.03.2024?
8.2% per annum
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How to open a Public Provident Fund (PPF) account?
Submit the Account Opening Form, KYC Form, PAN Card, Aadhaar card, and proof of date of birth/birth certificate at the desired Post Office.
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What documents are required to open a PPF account?
Account Opening Form, KYC Form, PAN Card, Aadhaar card, and proof of date of birth/birth certificate.
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Can a joint account be converted to a single account or vice versa?
No, conversion of Joint account to single account or vice versa is not allowed.
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What happens to a minor's account when they attain majority?
The minor has to submit fresh account opening form and KYC document at the concerned Post Office for conversion of the account in their name.
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What is the proof required for investment above Rs. 10 lakh?
Proof of source of fund as per Prevention of Money Laundering Act-2002.
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Can an NRI, Trust, Firm, Institution, post, or company open a PPF account?
No, NRI, Trust, Firm, Institutions/post/company etc are not eligible for opening of account under any National (Small) Savings Scheme.
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How can I avail e-banking/mobile banking facility?
Submit the prescribed form duly signed at the concerned Post Office and get activation code within 48 hours to proceed further.
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What facilities are available in e-banking?
Opening of Recurring Deposit/Time Deposit account, Deposit in RD/PPF/SSA/SB Accounts, Taking RD Loan/PPF Withdrawal, Repayment of RD Loan/PPF Loan, View/Print of transaction details, Stop cheque request, and Mini statement.
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Is nomination mandatory at the time of account opening?
Yes, nomination is mandatory at the time of account opening and can be made for up to 4 individuals.
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How can I transfer my account to another Post Office?
Submit the prescribed application form along with passbook and prescribed fee (Rs. 100+GST) at the concerned Post Office.
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How can I get maturity payment?
Submit account closure form along with passbook at the concerned Post Office. Maturity value can be paid by Cash (below Rs. 20,000) or by Account Payee Cheque or Transfer to PO Savings Account (Rs. 20,000 or above).
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What documents are required for death claim with nomination?
Claim Form, Death certificate of account holder(s), Passbook/certificate, ID and address proof of the nominee, and ID and address proof of two witnesses.
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What documents are required for death claim with legal evidence?
Claim Form, Original/certified copy of legal evidence, Death certificate of account holder(s), Passbook/certificate, ID and address proof of the claimant(s), and ID and address proof of two witnesses.
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What documents are required for death claim without nomination or legal evidence up to Rs. 5 lakh?
Claim Form, Death certificate of account holder(s), Passbook/certificate, Affidavit (Form-13), Letter of disclaimer (Form-14), Letter of indemnity (Form-15), ID and address proof of the claimant(s), and Self-attested copy of ID and address proof of two witnesses.
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What is the fee for issuing a duplicate pass book?
Rs. 50
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What is the fee for issuing a statement of account or deposit receipt?
Rs. 20
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What is the fee for issuing a pass book in lieu of lost or mutilated certificate?
Rs. 10 per registration
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What is the fee for cancellation or change of nomination?
Rs. 50
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What is the fee for transferring an account?
Rs. 100
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What is the fee for pledging an account?
Rs. 100
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What is the fee for issuing a cheque book in Savings Bank Account?
No fee for up to 10 leaves in a calendar year and thereafter at Rs. 2 per cheque leaf
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What are the charges on dishonour of cheque?
Rs. 100