![]() Nomination is mandatory at the time of opening of account.Conversion of single to joint account or vice versa is not allowed.In case of death of a Joint holder, the surviving holder will be the sole holder, if surviving holder already has single account in his/her name, Joint account have to be closed.Only one account can be opened in the name of minor/above 10 years of age (self)/person of unsound mind. ![]() Only one account can be opened by an individual as a single account.(iv)a minor above 10 years in his own name (iv)a guardian on behalf of person of unsound mind 4.0% per annum on individual / joint accounts Minimum Amount for opening of account and maximum balance that can be retained Post Office Savings Account(SB) Interest payable, Rates, Periodicity etc.
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