To reduce fraud cases, Post Office changes many rules. On August 25, the government body also issued a circular. Find out by continue reading to know what changes take place for post office account holders.
The new law permits relatives to send up to Rs 10 lakh without telling the government. If the sum is exceeded, individuals will have three months instead of 30 days to notify the government.
Fixed deposits maturing in 180 days or less continue to receive 4.50 percent interest, while deposits maturing in 91 to 179 days continue to pay 4.00 percent interest.
French Ambassador to India, Emmanuel Lenain said that both the ministers also discussed cooperation on reforming world trade and reshaping supply chains post COVID-19 pandemic.