New Delhi: If you have a savings, PF or Sukanya account in the post office, then it is necessary that you know the new rules related to it. According to the new rules, you will be mandatory to keep a minimum of 500 rupees in your account. If you do not do this, then you may have to pay a fine of Rs 100 from the last working day of the current financial year, ie after 31 March 2020. This will be done every year. Keep in mind that you cannot keep your account balance zero. If this happens, your account will be closed.

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The Department of Post has increased the minimum amount limit from Rs 50 to Rs 500. If the minimum amount is less, the post office will charge 100 rupees as penalty. If there is zero balance in the account, then it will be closed. However, the department has not made any changes in the rules for opening accounts for daughters Sukanya Samriddhi Yojana, PPF Account, Senior Citizen Savings Account and Monthly Deposit Scheme (MIS).

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The minimum amount to open an account is 20 rupees. Individual / joint accounts get 4.0% annual interest. The minimum balance required in a non-check facility account is Rs. 50 / -. There is a check facility on opening an account with 500 rupees. This is why it is mandatory to have a minimum balance of 500 rupees in such an account.

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