Mock Test: All Post Office Savings Schemes MCQ

What is the interest rate on 5 year TD Account as of July 2021?

On maturity depositor in PPF account has which among the following options?

Account may be prematurely closed after ____ years of account opening under SSY account?

Under Section 80TTA of the Income Tax Act, from all Savings Bank Accounts, interest up to ___ earned in a Financial Year is exempted from taxable Income?

What is the minimum deposit to open a Public Provident Fund Account (PPF)?

Comment on the following: In case of interest payable for the excess amount deposited under MIS account than what is permissible.

As of July 2021, what is the interest rate on RD account (quarterly compounded)?

An account holder may operate how many accounts under Senior Citizen Savings Scheme (SCSS)?

What is the minimum amount for opening of TD account?

Under POSB, if no deposit/withdrawal takes place in an account during continuous ____ financial years, the account shall be treated as silent/dormant?

In case account balance not raised to Rs. 500 at the end of financial year Rs.____ will be deducted as Account Maintenance Fee?

What is the Interest payable for Monthly Income Scheme Account (MIS) as of September 2021?

Under PPF, loan can be taken before expiry of ____ years from the end of the year in which the initial subscription was made?

Retired Civilian Employees above 55 years of age can open Senior Citizen Savings Scheme (SCSS) subject to which among the following conditions?

There shall be how many deposit in a TD account?

Which among the following is/are correct with regard to loan taken under PPF account? i. Only one loan can be taken in a Financial Year ii. Second loan shall not be provided till first loan was not repaid iii. If loan repaid within 36 month of the loan taken, loan interest rate @ 1% per annum shall be applicable iv. If loan repaid after 36 month of the loan taken loan interest rate @ 6% per annum shall be applicable from the date of loan disbursement.

How many installments can be made in a PPF account in a financial year subject to maximum of Rs.1.5 Lakhs?

In case of a joint account under Senior Citizen Savings Scheme (SCSS), the age of which account holder shall be considered to determine the eligibility to open the account?

A TD account holder shall be allowed to extend the account only ____ times after the initial repayment date?

Monthly Income Scheme Account (MIS) can be opened by? 1. a single adult 2. upto a maximum of three adults in joint names 3. a minor who has attained the age of ten years 4. a guardian on behalf of a minor or a person of unsound mind

Whether Deposits made under National Savings Certificates (NSC) qualify for deduction under section 80C of Income Tax Act?

What is the present rate of interest under Sukanya Samriddhi Account(SSA)​?

What is the minimum deposit for opening a National Savings Certificates (NSC)?

What is the maximum limit of deposit under National Savings Certificates (NSC)?

How many RD accounts can be opened by a single depositor?

Which among the following is/are correct with regard to account closure on maturity under Senior Citizen Savings Scheme (SCSS)?

Who among the following can open a TD Account?

No interest will be allowed in a month if balance between 10th and last day of the month falls below ___?

RD account can be revived within ___months from 4th default but if the account is not revived within this period, no further deposit can be made in such account and account became discontinued?

At the time of closure due to death PPF rate of interest shall be paid till ______ in which account is closed?

“Account holder” under National Savings (Monthly Income Account) Scheme, 2019 means?

Post Office Savings Bank (POSB) facilities are available since the year?

What is the limit of interest under PPF Account above which it qualify for Income Tax?

Where a deposit in excess to the ceiling specified in Senior Citizen Savings Scheme (SCSS) has been made, accounts office shall cause which among the following action?

Subsequent deposits shall be made under PPF account of any sum in multiples of?

There shall be how many deposit under Senior Citizen Savings Scheme (SCSS)?

Under MIS account, if the interest payable every month is not claimed by the account holder, then such interest shall?

"Definitions" is contained in which section of Government Savings Promotion General Rules, 2018?

Senior Citizen Savings Scheme (SCSS) Account can be extended within _____ year/months of maturity?

Under SSA, Interest shall be credited to the account at the end of each?

There shall be how many deposit in an MIS account?

Under National Savings Certificates (NSC) Joint Account can be opened by maximum ____ adults jointly?

Under GSPR 2018, if a depositor ceases to be a citizen of India, the account shall be closed or deemed to be closed from?

If a TD account is withdrawn prematurely after six months, but before the expiry of one year from the date of deposit, what interest shall be payable?

Which among the following is/are the conditions under GSPR 2018, while a depositor has become a Non-resident Indian during the period the account is in operation?

What is the maximum deposit amount under Post office Savings Account?

Which among the following is correct with regard to Public Provident Fund Account (PPF)?

Which among the following is/are correct with regard to extension of account after maturity under Senior Citizen Savings Scheme (SCSS)?

Balance in a discontinued PPF account not revived by the account holder before its maturity shall?

National Savings Certificates (NSC) can be opened by a minor above ____ years in his own name?

RD account can be retained up to ___ years from the date of maturity without deposit?

Which among the following is true about Senior Citizen Savings Scheme (SCSS)?

Under PO Savings account at the time of closure of account, interest will be paid up to the ____month in which account is closed?

At the time of premature closure of PPF Account, _____% interest shall be deducted from the da

Where a TD account has become due for repayment, the account holder may at his option may further extend the account for another?

Which TD qualifies for the benefit of section 80C of Income Tax Act, 1961?

What is the maximum limit of TD Account?

Under MIS account, where a deposit in excess to the ceiling specified has been made, such excess amount to be repaid to the holder immediately shall carry an interest?

NSC may be transferred from one person to another person on which among the following condition?

A blind or visually challenged or illiterate depositor may open joint account with?

“Retirement benefits” as defined under Senior Citizens’ Savings Scheme,2019 shall include?

Interest under Senior Citizen Savings Scheme (SCSS) is taxable if total interest in all SCSS accounts exceeds Rs._____ in a financial year?

What is Maximum investment limit in joint MIS account?

What is the interest per annum on individual / joint accounts under POSB (as of July 2021)?

Transfer/pledging of National Savings Certificates (NSC) can be made to the following authorities? i. President of India/Governor of the State ii. RBI/Scheduled Bank/Co-operative Society/Co-operative Bank iii. Corporation (public/private)/Govt. Company/Local Authority iv. Housing finance company

If TD account closed after 6 month but before 1 year, which Interest rate will be applicable?

What is the minimum balance to be maintained in POSB accounts effective from 11.12.2020?

How many types of accounts are there under National Savings Certificates (NSC)?

What is the maximum balance that can be retained in RD account?

Under which section of Government Savings Promotion Act 1873, Government Savings Promotion General Rules, 2018 has been made?

A minor on attaining what age can can open a Monthly Income Scheme Account (MIS) in his own name?

Minimum INR ___ per month is required for opening RD account?

Extended account under Senior Citizen Savings Scheme (SCSS) shall earn interest at the rate applicable on?

What is the minimum Amount for opening of account under Sukanya Samriddhi Accounts?

Under MIS account, deposits in all the accounts taken together for an individual shall not exceed?

An RD account becomes discontinued after how many regular defaults?

Under Sukanya Samriddhi  Yojana, how many account can be opened in India either in Post Office or in any bank in the name of a girl child?

How the annual TD account interest is paid to the account holder?

How many number of accounts can be opened by an individual under National Savings Certificates (NSC)?

POSB interest will be calculated on the basis of ___ balance between 10th of the month and end of the month and allowed in whole rupees only?

A Minor who has attained the age of ____ years may open and operate an account in accordance with the provisions of a Savings Scheme?

Retired personnel of Defence Services (excluding Civilian Defence employees) shall be eligible to open an account under Senior Citizen Savings Scheme (SCSS) on attaining the age of?

Under National Savings Certificates (NSC), interest shall be paid?

What is the rate of interest under National Savings Certificates (VIIIth Issue) (NSC) from 01.04.2020?

Which among the following is not correct with regard to Discontinued account under PPF?

Interest rate of which scheme will be applicable if the RD account is closed prematurely even one day before maturity?

Which among the following is/are correct with regard to Premature closure of account under National Savings Certificates (NSC)? i. if it is closed before the expiry of one year from the date of deposit, only principal amount shall be payable ii. if it is closed after the expiry of one year but before the expiry of three years from the date of deposit, interest on principal amount at the rate applicable to the Post Office Savings Account from time to time for the complete months for which the account has been held, shall be payable

Extended account under Senior Citizen Savings Scheme (SCSS) can be closed after the expiry of _____ from the date of extension of the account without any deduction?

Under National Savings Time Deposit Scheme, 2019, “year” means a period of _____ months commencing on the date of deposit in an account?

Account holder under Senior Citizen Savings Scheme (SCSS)may extend the account for further period for ____ years from the date of maturity by submitting prescribed form with passbook at concerned post office?

An individual may open how many Monthly Income Scheme (MIS) Account?

What is the minimum withdrawal amount under Post office Savings Account?

“Joint Account” under GSPR 2018 means an account opened in the names of more than one and upto ____individuals?

Whether conversion of single to joint account or vice versa is allowed under POSB scheme?

Senior Citizens’ Savings Scheme, 2019 came into force on?

RD Account can be closed prematurely after __ years from the date of account opening?

Premature closure is allowed under Public Provident Fund Account (PPF) for which among the following reasons?

Under PPF, Loan can be taken after the expiry of ____ year from the end of the FY in which the initial subscription was made?

For a 3 and 5 year TD account, what is the period from date of repayment by which option for extension may be exercised by the account holder?

Interest on MIS account shall be payable to the account holder on completion of?

What interest shall be payable on the amount of interest that has become due for payment but not withdrawn by the TD account holder?

Mobile Banking facility has been offered to POSB customers we.f?

Deposit made under National Savings Certificates (NSC) shall mature on completion of _____ years from the date of the deposit?

Under MIS account, account holder may be permitted to withdraw the deposit and close the account at any time after expiry of?

“Officially Valid Document” as defined under GSPR 2018 does not include which among the following?

Which among the following categories of individuals desiring to open an account shall personally visit the Accounts Office for authentication of his signature or thumb impression by the Accounts Office provided he shall be accompanied by a person known to the Accounts Office?

What is the Minimum deposit to be made in a Financial Year under Public Provident Fund Account (PPF)?

How the Senior Citizen Savings Scheme (SCSS) can be opened? i. Account can be opened as individual capacity ii. Account can be opened jointly with any relative iii. Account can be opened jointly with son/daughter only iv. Account can be opened jointly with spouse only

Which among the following is NOT an eligible condition to open an account as defined in Section 4 of GSPR 2018?

How many categories of time deposit accounts are available?

A joint POSB account can be opened by how many adults only?

If the interest payable every quarter under Senior Citizen Savings Scheme (SCSS) is not claimed by an account holder, such interest shall?

For a one year TD account, what is the period from date of repayment by which option for extension may be exercised by the account holder?

How many adults can open a Joint RD Account in Post office?

What is Maximum investment limit in single MIS account?

“Year” as defined under National Savings (Monthly Income Account) Scheme, 2019 means?

No TD deposit shall be withdrawn before the expiry of ___ months from the date of deposit?

In a joint MIS account, how the share in investment is calculated?

Account opened under Senior Citizen Savings Scheme (SCSS) can be prematurely closed after?

Which among the following is/are correct with regard to Public Provident Fund Account (PPF)? i. Maximum limit of one lakh fifty thousand rupees by an individual shall be inclusive of the deposits made in his own account and in the account opened on behalf of the minor ii. Deposits qualify for deduction under section 80C of Income Tax Act.

What is the minimum amount for opening Post Office Savings Account?

For a two year TD account, what is the period from date of repayment by which option for extension may be exercised by the account holder?

Which among the following is wrong with regard to National Savings Certificates (NSC)?

Sukanya Samriddhi Account(SSA)​ can be opened by the guardian in the name of girl child below the age of?

Under Sukanya Samriddhi Account(SSA)​, deposit can be made maximum up to completion of ____ years from the date of opening?

What is the maturity period of RD account?

The Senior Citizen Savings Scheme (SCSS) account shall be opened with a minimum deposit of?

In extended account under PPF with deposits, how many withdrawal(s) can be taken in each FY subject to maximum limit 60% of balance credit at the time of maturity in the block of 5 years?

Which among the following is correct with regard to SSA account?

National Savings Certificates (NSC) can be closed prematurely under which among the following circumstances?

Which among the following is not a recognized type of account under National Savings Certificates (NSC)?

What is the present rate of Interest (as of October 2021) under Senior Citizen Savings Scheme (SCSS)?

Under PPF, any account in which the account holder, having deposited five hundred rupees in the initial year, fails to deposit the minimum amount in the following years, shall be treated as?

What is the maturity period of MIS scheme?

Which among the following is not a recognized TD Account?

In case of death of account holder under Senior Citizen Savings Scheme (SCSS), from the date of death, account shall earn interest at?

What is the interest rate applicable to the loan on RD account?

The interest on TD account shall be payable?

How many TD Accounts can be opened by a single person?

“Year” as defined under Senior Citizens’ Savings Scheme, 2019 means?

Who among the following can open Public Provident Fund Account (PPF )? i. a single adult by a resident Indian ii. a guardian on behalf of minor/ person of unsound mind iii. Joint Account (up to 3 adults)

Senior Citizen Savings Scheme (SCSS) may be closed after ____ year from the date of opening by submitting prescribed application form with passbook at concerned Post Office?

Which among the following is/are correct with regard to Senior Citizen Savings Scheme (SCSS)? i. If the interest payable every quarter is not claimed by an account holder, such interest shall not earn additional interest ii. Interest shall be credited to the account holder’s savings account is authorized iii. Excess amount credited shall carry interest at the rate of POSB and such interest shall be payable from the date of deposit of excess amount to the date of refund

Which among the following is/are condition for premature closure of account?

What is the default fee charged for 100 rupee denomination RD account (proportionate amount for other denomination)?

Withdrawal may be taken from Sukanya Samriddhi Accounts under which of the following circumstances?

No TD deposit shall be withdrawn before the expiry of ____ months from the date of deposit?

An illiterate depositor shall be assisted by ______ for opening and operating the account under the provisions of GSPR 2018?

Under MIS account, where a deposit in excess to the ceiling specified has been made, the what action is to be caused?

What is the maximum deposit admissible in a Financial Year under Public Provident Fund Account (PPF)?

How many account can be opened by an individual as a single account under POSB scheme?

What action is to be caused when a depositor in a single account, or any of the depositors in a joint account, or either the guardian of minor or person of unsound mind or minor depositor, as the case may be, subsequently becomes Non-resident Indian during the period the account is in operation?

An Individual can open how many accounts under PPF all across the country either in Post Office or any Bank?

Government Savings Promotion General Rules, 2018 came into force on?

Who among the following may open an account under Senior Citizen Savings Scheme (SCSS)?

Which among the following is/are correct with regard to Premature Closure of Account under Senior Citizen Savings Scheme (SCSS)?

A minor above ____ years of age can open POSB account in his own name?

Comment on the following statement: Both the spouses can open single account and joint accounts with each other with the maximum deposit of upto fifteen lakhs rupees in each account provided both are individually eligible to open the account.

What is the minimum amount for opening of MIS account?

If a Retired Civilian Employees above 55 years of age and below 60 years of age open a Senior Citizen Savings Scheme (SCSS) account then, the deposit shall be?

Under PPF, Account will be mature after ____ financial years excluding FY of account opening?

Sukanya Samriddhi Account(SSA)​ can be opened for maximum of ____ girls in a family?

An individual above _____ years of age can open Senior Citizen Savings Scheme (SCSS)?

Under MIS Scheme, no deposit shall be withdrawn before the expiry of ___ from the date of deposit?

Through the e-banking facility, POSB account holders can make deposits into which among the following from their POSB savings account? i. RD Account ii. PPF Account iii.TD Account iv.Sukanya Samriddhi Yojana (SSY)

The whole amount of deposit in a joint account under Senior Citizen Savings Scheme (SCSS) shall be attributable to the?