Post offices in India offer small savings schemes to citizens across diverse sectors. These schemes encompass a range of instruments with competitive interest rates and tax benefits. Popular among these are the Public Provident Fund (PPF), Sukanya Samriddhi Yojana, and Kisan Vikas Patra, each serving as a valuable avenue for wealth creation. These initiatives cater to the financial needs of individuals from various walks of life, fostering a culture of savings and investment. With widespread accessibility and the assurance of government backing, post office small savings schemes contribute significantly to financial inclusion and empower citizens to secure their financial future.
How to avail services
Submit the following forms/documents duly signed and filled at desired Post Office.
Account Opening Form
KYC Form (For new customer/modification in KYC details)
PAN Card
Aadhaar card. If aadhar is not made available the following document may be submitted.
Passport
Driving License
Voter ID Card
Job card issued by MNREGA signed by the State Government officer
Letter issued by the National Population Register containing details of name and address.
Proof of date of birth/birth certificate in case of minor account. (Birth certificate is mandatory in Sukanya Samriddhi Account).
For Joint Account, KYC documents for all joint holders to be submitted.
For minor account, KYC detail of guardian to be submitted .
Conversion of Joint account to single account or vice versa is not allowed
After attaining majority, minor has to submit fresh account opening form sand KYC document at concerned Post Office for conversion of the in his/her name.
For investment above Rs. 10 lakh as per Prevention of Money Laundering Act-2002 proof of source of fund is to be submitted.
For Sr. Citizens VRS account the proof of receipt of retirement benefits is to be submitted.
NRI, Trust, Firm, Institutions/post/company etc are not eligible for opening of account under any National (Small) Savings Scheme.
At present account can be opened in PPF/SCSS/MIS/KVP/NSC in branch Post offices through Cheque only.
ebanking/mobile banking facility can be availed on PO Savings Account by submitting prescribed form duly signed at concerned Post Office.
after enabling these facilities by concerned Post Office, the account holder will get activation code within 48 hours of account opening to proceed further in “New User Activation” option at https://www.ebanking.indiapost.gov.in
The following facilities are available in ebanking:-
Opening of Recurring Deposit/ Time Deposit account.
Deposit in RD/PPF/SSA/SB Accounts standing in CBS Post Offices.
Taking RD Loan/ PPF Withdrawal
Repayment of RD Loan/PPF Loan.
View/Print of transaction details of all Small Savings Schemes linked account of the customer.
Stop cheque request.
Mini statement.
Nomination is mandatory at the time of account opening and can be made for up to 4 individuals.
Change in nomination may be made by submitting prescribed application form at concerned Post Office along with prescribed fee. (i.e. Rs. 50+GST).
Account can be transferred from any CBS Post Office to another CBS Post Office.
PPF/SSA/SCSS account can be transferred from Bank to Post Office or vice versa.
For transfer of account, submit prescribed application form along with pass book and prescribed fee (Rs. 100+GST) at concerned Post Office.
Maturity value can be paid by the following modes:-
Below 20000 - by Cash.
Rs.20,000/- or above, By Account Payee Cheque or Transfer to PO Savings Account
To get maturity payment, submit account closure form along with pass book at concerned Post Office
In the event of death of the depositor, the payment can be made on the basis of following:
In case where Nomination is registered
Claim Form
Death certificate of account holder(s).
Passbook/certificate.
ID and address proof of the nominee.
ID and address proof of two witnesses.
In case where Legal Evidence is available
Original/certified copy of legal evidence.
Claim Form
Death certificate of account holder(s).
Passbook/certificate.
ID and address proof of the nominee.
ID and address proof of two witnesses.
In case where Nomination is not registered or legal evidence is not available ( up to Rs. 5 lakh.)
Original/certified copy of legal evidence.
Claim Form
Death certificate of account holder(s).
Passbook/certificate.
ID and address proof of the nominee.
Self attested copy of ID and address proof of two witnesses.
Affidavit (Form-13)
Letter of disclaimer (Form-14)
Letter of indemnity (Form-15)
Schedule of Fee
* Tax as applicable on the above service charges shall also be payable
