Post Office Savings Account

Post Office Savings Account 

Post office savings account can be considered as a regular savings account offering a slightly better rate of return . It is safe as well as offers the flexibility of partial and complete withdrawal of invested amount at short notice for financial emergencies. Post office savings scheme account boasts of guaranteed returns and is suitable for investors who have a low risk appetite, and senior citizens seeking an assured source of income source with minimal risk exposure. The interest rate offered by this scheme is 4 % applicable for both joint and single account holders. Interest amount upto Rs 10,000 is tax exempt.