The%20Post%20Office%20Savings%20Account%20is%20a%20deposit%20scheme%20provided%20by%20post%20offices%20across%20the%20country.%20The%20account%2C%20which%20provides%20a%20fixed%20rate%20of%20interest%20on%20the%20deposited%20balance%2C%20is%20beneficial%20for%20those%20who%20require%20fixed%2C%20steady%20returns.

The%20steps%20to%20open%20a%20Post%20Office%20Savings%20Account%20are%20as%20follows%3A

1.%20Visit%20the%20official%20website%20of%20India%20Post%20%28indiapost.gov.in%29%20and%20download%20the%20application%20form.%26nbsp%3B

2.%20Fill%20the%20application%20form%20and%20visit%20the%20nearest%20post%20office%2C%20with%20the%20filled%20form%20and%20relevant%20documents.%20The%20documents%20include%20cheque%20book%2C%20ATM%20card%20and%20AADHAR%20card%2C%20among%20others.

3.%20Pay%20the%20deposit%20amount%2C%20the%20minimum%20for%20which%20is%20set%20at%20Rs%20500%20at%20the%20time%20of%20opening.

4.%20Every%20subsequent%20deposit%20amount%20must%20not%20be%20less%20than%20Rs%20100.

According%20to%20the%20official%20India%20Post%20website%2C%20interest%20is%20payable%20at%20the%20rate%20of%204%25%20per%20annum%20on%20individual/joint%20accounts.

It%20should%20be%20noted%20that%20nomination%20is%20mandatory%20at%20the%20time%20of%20opening%20of%20the%20account%20and%20conversion%20from%20a%20single%20to%20joint%20account%20%28and%20vice%20versa%29%20is%20not%20permitted.

%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Finance%22%20data-user-id%3D%22vdfCkTLQAVNK%22%20href%3D%22/topic/finance%22%3E%23Finance%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23PostOffice%22%20data-user-id%3D%22L18dmDXItpkL%22%20href%3D%22/topic/post-office%22%3E%23PostOffice%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23SavingAccount%22%20data-user-id%3D%22ItDT1ALjSF1E%22%20href%3D%22/topic/savingaccount%22%3E%23SavingAccount%3C/a%3E%26nbsp%3B