After paying rent, buying daily necessities and providing educational expenses for the children, most of the salary of an average professional is gone.

In such a situation, one cannot think of saving any money for a rainy day.

No worries! If you have only Tk 100 left after a month, you can keep it in the "Post Office Savings Bank".

You can deposit any amount that you are left with after meeting all the expenses in a month as a monthly instalment.

So, go straight to your nearby post office, where you can open an account with only Tk 10 and start saving.

Carry on the instalments whatever you can afford. If you face any financial trouble in the future, it will give you support in a big way.

Here, depositors will get fixed deposit opportunities with the highest 11.28 per cent interest rate, alongside the benefits of life insurance.

Who is eligible, and what is required for an account?

All earners and permanent citizens of Bangladesh are eligible for the policy. A passport-size photograph of the depositor and the nominee and a photocopy of the national identity card (NID) is required for opening an account.

Interested depositors can collect the form from www.nationalsavings.gov.bd or a nearby post office, and fill it up with the necessary information.

In case of any complications, you can ask the concerned official for help.

Services at Post Office Savings Bank

This bank initially provides two types of facilities -- ordinary accounts and fixed deposit -- to the depositors. An account holder can open only one account with Post Office Savings Bank, depositing Tk 100.

However, wherever the account is opened, it can be shifted to any branch of the post office across the country. And the deposit can be made from any branch of the post office. A depositor will get a cheque book for withdrawal of deposited money.

Ordinary Account

Interested people can open two types of ordinary accounts -- single and joint.

Under the service, an account holder will get a 7.5 per cent interest on the deposit and can invest a maximum of Tk 10 lakh for a single account and the highest Tk 20 lakh for a joint account.

A joint account can be opened by a maximum of two persons.

The account-holder can change nominees anytime. The notable benefit for the account-holder is that they will start getting the required interest from a month after depositing the funds.

Fixed Deposit Account

Under the scheme, an individual can deposit a certain amount of money for one year, two-year and three-year terms.

The three-year scheme will provide an 11.28 per cent interest on the deposit, while the interest rate is 10.70 per cent for the two-year scheme and 10.20 per cent for the one-year deposit.

In case of redemption before the maturity of the fixed terms, or if any account-holder wants to close their schemes before maturity, he or she will get a 9 per cent interest on deposit in the first year, 9.5 per cent in the second year, and 10 per cent in the third year.

Under the scheme, a single account-holder can invest the highest Tk 10 lakh, and joint account-holders can invest a maximum of Tk 20 lakh.

Besides, the post office offers insurance benefits for citizens of the country as well.