Professional Documents
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Welcome
Welcome to maharashtrapost, providing domestic and international postal services.
ORGANISATION
One of the primary view of the prudent investor is to ensure that the invested capital remains safe. The PPF scheme offers total safety to the amount invested. The PPF scheme also offers easy liquidity in the form of loans and withdrawals. Rate of interest : From 01.04.1986 to 14.01.2000.............................. 15.01.2000 to 28.02.2001.............................. 01.03.2001to 28.02.2002 ............................. 12% 11% 9.5%
SERVICES
Postal Rates Philately Core Mail Services Premium Services Money Transfer Banking Services Postal Life Insurance
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CUSTOMER GUIDE
Download Forms Postage Mail Classification Delivery Addressing Mail Mail Makeup
9.
Only one account can be opened in the name of a person. Twelve deposits can be made in a financial year. Minimum deposit in a year is Rs. 500/-, and Maximum is Rs. 70,000/-. Loan is admissible from the third year. Loan amount is limited to 25% of balance held at the end of two years preceedings. Fresh loan is not allowed when previous loan or interest thereof is outstanding. Interest is charged at the rate of 1% if repaid within 36 months and at 6% on the outstanding loan after 36 months. Withdrawal is permissible from seventh financial year from the year of opening, limited to one in a financial year. Amount of withdrawal is limited to 50% of balance at the end of the fourth preceeding year less amount of outstanding loan or 50% of balance at the end of immediate preceding year of withdrawal less amount of outstanding loan, if any whichever is less. A subscriber can close the account in the 16th financial year. The account can also be continued with or without subscription, for further blocks of 5years.
" The subscription made to the fund on or after the 1st day of march 2003 and balances at the credit of the subscriber bear interest at the rate of 8% per annum "
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