Que.1: Whether Cheque facility is available in P.O.S.A.?
Ans: Yes. Cheque facility is available in Post Office Savings Account like any other Bank.
Que.2: Is there any maximum limit of deposit in the Post Office Savings Account?
Ans: Yes. In single account maximum deposit limit is Rs. 1,00,000 and in joint account it is Rs. 2,00,000 only.
Que.3: Can a minor open a P.O.S.A. ?
Ans: Yes. A minor who has attained the age of 10 years can open POSA Account, More over a guardian can also open a account in the name of minor.
Que.4: Can a person open a single as well as joint account separately?
Ans: Yes. A person can open a single and/or joint account separately even in the same post office.