Sectiearning can be spent then save it by opening an account with 500 & create a future. The post office account offers 4% p.a.

post office saving scheme

Post Office Saving Scheme

One of the popular bank accounts in India, this account offers a tax exemption for interest upto 10000 rupees during financial year under the Income Tax Act80TTA. The accounts can be opened on a minimum balance and the maximum that could be retained is 500 rupees. Currently, the interest which is provided by the post office is 4% p.a. Minors from age of 10 can also avail the benefit of this account. While there is no maximum limit and only one can be opened by an individual.



Securing money without tax up to 10000, for a better future.