Explore Post Office Saving Schemes

What is a Post Office Savings Bank Account?

• A Post Office Savings Bank Account is a type of checking account for businesses.

• A Post Office Savings Bank Account is a retirement fund managed by the government.

• A Post Office Savings Bank Account is a loan service provided by the postal service.

• A Post Office Savings Bank Account is a savings account provided by the postal service for individuals to save money securely.

How long is the duration of the 5-Year Post Office Recurring Deposit Scheme?

• 3 years

• 5 years

• 10 years

• 1 year

What type of account is a Post Office Time Deposit Account?

• Current account

• Fixed deposit account

• Recurring deposit account

• Savings account

What is the primary benefit of the Post Office Monthly Income Scheme?

• High returns with high risk.

• No monthly income but annual bonuses.

• Only available for senior citizens.

• Fixed monthly income with safety of capital.

How many years does the 6-Year National Savings Certificates (VIII Issue) Scheme last?

• 10 years

• 7 years

• 6 years

• 5 years

What is the minimum investment period for a Public Provident Fund Account?

• 10 years

• 5 years

• 20 years

• 15 years

What is the main purpose of the Kissan Vikas Patra Scheme?

• To encourage savings among individuals.

• To provide loans to farmers.

• To promote foreign investments.

• To fund government projects.

Who is eligible for the Senior Citizens Saving Scheme 2004?

• Individuals aged 60 years and above, or aged 55 years and above with voluntary retirement.

• Individuals aged 45 years and above with a government job

• Individuals aged 50 years and above

• Individuals aged 65 years and above with a pension

What is the interest rate typically associated with Post Office Savings Bank Accounts?

• 3% per annum

• 5% per annum

• 4% per annum

• 2% per annum

Can you withdraw money from a 5-Year Post Office Recurring Deposit Scheme before maturity?

• You can close the account anytime for a fee.

• No, you cannot withdraw money before maturity.

• Yes, you can withdraw a partial amount.

• You can withdraw money after 3 years.