- LATEST
- WEBSTORY
- TRENDING
PERSONAL FINANCE
Post Office Premium Savings Account: Check benefits, value-added services, eligibility, pricing, interest rates
The Premium Savings Account is offered to customers looking for value-added services and premium facilities.
Updated : Dec 25, 2022, 03:12 PM IST
 "Post Office Premium Savings Account")
TRENDING NOW
)
Amitabh Bachchan couldn't sleep after Aishwarya Rai's major accident, Anil Ambani helped them: 'She suffered severe...'
)
India overtakes UK, France and Russia in global power rankings, only behind...; check list here
)
Meet Yasmeen Premji and Rishad Premji, wife and son of Azim Premji, and the backbones of Wipro
)
Bhagyashree suffers deep wound on her forehead, undergoes surgery, gets 13 stiches after getting injured by....
)
Infosys co-founder Narayana Murthy urges businesses to treat employees as humans, reduce gap between...
)
Narayan Murthy's Infosys hit again, company loses Rs 44226 crore in just 4 days after...
)
Meet Tathagat Avatar Tulsi, Indian genius who finished schooling y 11, became IIT professor at 22, was fired from job due to...
)
Meet man who topped IIT-JEE exam, was hired for Rs 100 crore, fired soon after, now making headlines for...
)
'Hindi hi bolenge': Man refuses to speak Marathi at D-Mart in Pune, viral video sparks heated debate
)
Meet Michael J. Williams, Sunita Williams's husband, a former helicopter pilot and a devoted follower of Hinduism
)
Mukesh Ambani brings former star cricketer's brand to India, to be sold at Rs...
)
This film's failure led Rishi Kapoor to depression, he couldn't face camera for months, Feroz Khan's Qurbani killed his movie, it later became cult classic
)
Shweta Bachchan has been 'thwarting' mom Jaya Bachchan's efforts to turn her into a non-vegetarian since childhood
)
Ratan Tata's company to turn this 100-year-old palace into world-class hotel, it is located in...
)
AI imagines Aishwarya Rai, Madhuri Dixit, Preity Zinta, Raveena Tandon, Shilpa Shetty and Sushmita Sen look in 2035
Post Office is one of the government-backed institutions offering common man various opportunities to save and earn returns on investments. Saving schemes by India Post Payments Bank (IPPB) are highly popular among people looking to plan long-term savings. One such account with the Post Office that offers customers high quality services with great benefits and value added services is the Premium Savings Account.
As per the IPPB official website, the Premium Savings Account is a variant Khata of the IPPB Savings Bank Account. It is offered to customers looking for value-added services and premium facilities.
PO Premium Savings Account - Key benefits and features
Value-added features offered by the IPPB with the Premium Savings Account are:
- Free doorstep banking facility
- Facility for free cash deposit and withdrawal
- Cashback on transactions through virtual debit card
- Cashback on payment of electricity bill
- Cashback on Digital Life Certificate/ Jeevan Pramaan Patra issuance
- PSA can be linked to POSA (Post Office Savings Account
Eligibility, requirements, pricing
The Premium Savings Account can be opened by any Post Office customer above the age of 10 with mandatory KYC. An account holder needs to maintain an average annual balance of just Rs 2,000 in PSA. The pricing for Premium Khata Account is as follows:
- Account opening charges for new customer: Rs 149
- Account opening charges for existing customer: Rs 149
- Annual subscription renewal fee for all customers: Rs 99
Note: All charges above are exclusive of GST
Interest rates
The Post Office Premium Savings account offers an interest rate of 2 percent for balance of up to Rs 1 lakh. For balance above Rs 1 lakh and up to Rs 2 lakh, the interest rate is 2.25 percent.
For detailed list of charges on services through the Premium Savings Account, pls refer to the official IPPB website.
READ | PNB, HDFC, ICICI, South Indian Bank: These banks have hiked interest rates on Fixed Deposits
