TOLLFREE NUMBER OF WUMTS

PROMOTION PROCESS TO THE CADRE OF POSTMASTER GRADE II FOR 2016-17 VACANCIES- TN CIRCLE

INDIA POST ATM CARD/INTERNET/MOBILE/SMS BANKING REQUEST FORM

             INDIA POST ATM CARD/INTERNET/MOBILE/SMS BANKING REQUEST FORM

                                                      JUST CLICK TO DOWNLOAD IT

"PREMATURE CLOSURE POSSIBLE IN PPF POSTAL SCHEME" NOW

   

"PREMATURE CLOSURE POSSIBLE IN PPF POSTAL SCHEME" NOW

With the Public Provident Fund, recently re-launched as Ponmagan Podhuvaippu Nidhi, gaining more patronage, the postal department has relaxed a few norms for the savings scheme.

Soon, customers have the option of closing the deposit scheme after completing five years for reasons such as children’s higher education or expenditure towards medical treatment.

In the last six months alone, nearly 20,000 PPF accounts have been opened in Chennai city region. The scheme has nearly 1.21 lakh depositors so far in the region.

Earlier, the depositor could take loans and partially withdraw in the seventh year of the scheme.

Now, premature closure of the deposit is allowed. Officials of the postal department said the scheme, which does not involve any age limit, can also be opened in the name of children through their guardians. Depositors could save from Rs.500 to Rs.1.5 lakh in a year for which an interest of 8.7 per cent is provided.