Question: Can I Transfer Money From Bank To Post Office Account?

How much money can be deposit in post office?

Post Office Monthly Income Scheme Account (MIS) (iv) a minor above 10 years in his own name.

(i) Account can be opened with minimum of Rs.

1000 and in multiple of Rs.

100.

(ii) A maximum of Rs.

4.50 lakh can be deposited in a single account and 9 lakh in Joint account..

How can I send money instantly?

How to send money online, on mobile or in personVenmo: Best rated for mobile.Zelle: Fastest for domestic transfers (tie with Google Pay).Google Pay: Fastest for domestic transfers (tie with Zelle).PayPal: Most popular online.Walmart-2-Walmart: Best for nonbank transfers.More items…

How do I transfer money from my savings account to the post office?

A step by step guideDownload Form SB 10 (b) from the India Post website or collect it from the Post Office.Take scanned as well as photocopies of your passbook and transfer application.Fill up Form SB 10 (b) or write a request letter (if your Post Office accepts the same), with all details inserted.More items…•

How do I withdraw money from my post office savings account?

How to withdraw your Savings to your linked accountWhen you are logged into your online account.Select the account you’d like to withdraw from by clicking anywhere in the product box.Click Withdraw.Enter the amount you’d like to withdraw from your account and click to review your transaction.More items…

Can we deposit money online in post office?

By being a Net Banking user, you can invest in recurring deposit and time deposit schemes of the post office online. You can also transfer funds to yourself or a third-party payee. You can also make deposits into your PPF account and/or Sukanya Samriddhi Account.

How long does it take to transfer money from a post office account to a bank account?

Deposits made by transfer from an eligible Post Office Money savings account are available for withdrawal immediately. How long does it take for withdrawals from my Post Office Money Online Saver to reach my linked current account? It normally takes 1 business day for withdrawals to reach your linked current account.

Can I send money to a different bank account?

You can transfer money between banks through your financial institution or an app. Bank to bank transfers between your own accounts are best done through your bank.

How do I deposit money into my post office account online?

Here is a step-by-step guide for transferring money in your post office RD account through IPPB: Add money from your bank account to IPPB account. Go to DOP Products, From there choose Recurring Deposit. Write your RD account number and then DOP customer ID. Choose the installment duration and amount.More items…•

What is MIS scheme of post office?

The Post Office Monthly Income Scheme (POMIS) is a Government of India backed small savings scheme that allows the investor (s) to set aside (save) a specific amount every month. Subsequently, interest is added to this investment at the applicable rate and paid out to the depositor(s) on a monthly basis.

Which post office scheme is best?

3. Comparison of the various Post office savings schemesSchemeInterest RatePost Office Monthly Income Scheme Account (MIS)7.6% per annum payable monthlySenior Citizen Savings Scheme (SCSS)8.6% p.a. (Compounded annually)15-year Public Provident Fund Account (PPF)7.9% p.a. (Compounded annually)5 more rows•Nov 4, 2020

What is the best cash transfer app?

The 6 best money-sending apps of 2020ProviderPlatformSpeedVenmoiOS, Android1-2 daysCashAppiOS, Android1-2 days after first linking a card, then instantFacebook MessengeriOS, Android, Blackberry1-5 business daysPayPaliOS, Android3-4 days2 more rows•Aug 25, 2020

How do I withdraw money from my post office card account?

1.1 You can withdraw your money from your account at most Post Office branches and at any cash machine which is part of the Post Office branded ATM network by using your card and entering your PIN into the PIN keypad. 1.2 Some Post Office branches may be unable to accept your card to withdraw money from your account.

How safe are post office deposits?

Government-backed schemes like post office saving schemes and bank fixed deposits are safe and they also offer assured returns. However, the trouble with them is that they offer only modest returns. Often the post-tax returns fail to beat inflation. When that happens over a long period, your money loses its value.