How To Open Post Office Savings Account: Interest Rates, Tax Benefits, Other Details

India Post, under the Department of Posts, provides a variety of banking services, besides delivering mails. It offers a regular savings account, as part of its small savings schemes portfolio. India Post pays interest at the rate of 4 per cent per annum on deposit in its savings account, according to India Post's website - indiapost.gov.in. The interest earned on deposit is tax-free up to Rs 10,000 per year from financial year 2012-...