POSB Quiz

Where a TD account has become due for repayment, the account holder may at his option may further extend the account for another?

• One Year

• Five Year

• Three Year

• tenure for which the account was initially opened

Which among the following is/are correct with regard to Premature closure of account under National Savings Certificates (NSC)? i. if it is closed before the expiry of one year from the date of deposit, only principal amount shall be payable ii. if it is closed after the expiry of one year but before the expiry of three years from the date of deposit, interest on principal amount at the rate applicable to the Post Office Savings Account from time to time for the complete months for which the account has been held, shall be payable

• •Only i is correct 

• •Only ii is correct

• •Both i and ii are correct

• •Both i and ii are not correct

Senior Citizens’ Savings Scheme, 2019 came into force on?

• •1 July 2019

• •12 December 2019

• •1 January 2020

• •12 June 2019

What is the present rate of Interest (as of October 2024) under Senior Citizen Savings Scheme (SCSS)?

• •7.4 ​% per annum

• •8.2 ​% per annum

• •9.1 ​% per annum

• • 6.4 ​% per annum

SCWF can be closed at

• •Sub Post Office

• •Head Post Office

• •Branch Post Office

• •All the above

For a two year TD account, what is the period from date of repayment by which option for extension may be exercised by the account holder?

• •3 months

• •6 months

• •9 months

• •12 months

“Account holder” under National Savings (Monthly Income Account) Scheme, 2019 means?

• •an individual in whose name the account is held

• •an individual in whose name the account is held and his/her spouse

• •an individual in whose name the account is held and his/her nominees

• •All the above

Under MIS account, where a deposit in excess to the ceiling specified has been made, such excess amount to be repaid to the holder immediately shall carry an interest?

i)rate applicable to the Post Office Savings Account
ii) rate applicable to the PPF Account
iii) rate applicable to the 1 year TD Account
iv) no interest rate is applicable to such amount

• •Only i is correct

• •Both i and ii are correct

• •Only ii is correct

• •Both i and ii are not correct

For a three year TD account, what is the period from date of repayment for extension may be exercised by the account holder?

• •3 months

• •18 months

• •9 months

• •6 months
  

What is the minimum deposit for opening a National Savings Certificates (NSC)?

• Rs.500
  

• Rs. 1000

• Rs. 1500

• Rs. 5000