At Rs 50, the minimum average balance (MAB) needed to be kept in an India Post savings account is very small.
20 Jun 2019 3:29 PM
For semi-urban and rural centres, the charges have been reduced from Rs 40 per month.
14 Mar 2018 11:19 AM
Earlier, the bank had reduced the monthly average balance (MAB) requirement to Rs 3,000 from Rs 5,000 in metro cities.
14 Mar 2018 1:56 AM
Currently bank has a monthly average balance of Rs 3,000 for metro and urban accounts.
05 Jan 2018 6:01 PM
A study from a couple of years ago stated that over 70 per cent adults are stressed over their financial condition.
28 Dec 2017 11:25 AM
Customers maintaining savings account balance of Rs 50 lakh and above will continue to earn interest at 4 pc per annum.
17 Aug 2017 12:21 PM
The bank has also slashed interest rate on savings accounts to 6.25 per cent from existing 6.5 per cent for deposits over Rs 1 crore.
16 Aug 2017 8:59 PM
The move to ban cash transactions above Rs 2 lakh was aimed at curbing black money, according to govt.
06 Apr 2017 11:11 AM
The demonetisation of high value currency notes was announced on November 8, 2016.
14 Mar 2017 12:33 AM
Last month, the RBI had issued a notification that there would be no restrictions from March 13.
13 Mar 2017 5:31 PM
Failure to maintain MAB in accounts will attract penalty of up to Rs 100 plus service tax.
05 Mar 2017 7:01 PM