According to the circular, from April 1, the interest moneywill be sent to the bank account or savings account only
With the beginning of the new financialyear, the rules for investing in small savings schemesin the post office are changing. Yes, a lot is going tochange from 1st April.If you also invest in different schemes of the post,then there is an important update for you. A circularhas been issued by the post office
In which it has been said that from April 1, 2022,interest on Senior Citizen Saving Scheme, MonthlyIncome Scheme and Term Deposit Account will notbe paid in cashAccording to the circular, from April 1, the interestmoney will be sent to the bank account or savingsaccount only.
That is, it will be necessary to link youraccount with the postOn behalf of the postal department, it has been saidthat some senior citizen savings account, monthlyincome scheme and term deposit account holdershave not linked their bank account or post officesavings account.
If under any circumstances the account holders arenot able to link their account, then the interest moneywill be given to them through check or post officesavings account.
Know the reason for this decision
In order to improve the post savings bankoperations, to promote digital transactions, to checkthe incidents of fraud, linking of bank account or postoffice savings account has been asked, the circularsaid
