Postal Dept Extends All Small Savings Schemes Upto Branch Post Office Level
The decision aims to empower Rural India by bringing all Post Office Savings schemes to their doorsteps
Image Credit- Business Insider/BCCL
New Delhi: In order to strengthen its network and postal operations in rural areas and provide the facility of small savings scheme to the vast majority in villages, the Department of Posts has now extended all small savings schemes upto the Branch Post Office level.
There are 1,31,113 Branch Post Offices functioning in rural areas. Apart from facilities of letters, Speed Post, Parcels, electronic money order, Rural Postal Life Insurance, these Branch Post Offices had been providing Post Office Savings Account, Recurring Deposit, Time Deposit and Sukanya Samriddhi Account schemes till now.
To provide easy access to small savings schemes to people in villages @IndiaPostOffice has made available all small savings schemes at branch postoffice level.
Now these schemes can be availed from 1.31 Lakh Branch Post Offices.https://t.co/nvswOnvpvC
— Ravi Shankar Prasad (@rsprasad) July 25, 2020
The new order has allowed Branch Post Offices to offer facilities of Public Provident Fund, Monthly Income Scheme, National Savings Certificate, Kisan Vikas Patra and Senior Citizen Savings Schemes also. People living in villages will now be able to get the same Post Office Savings Bank facilities which people in urban areas have been availing. They will be able to deposit their savings into these popular schemes through the post office in their village itself.
This is another step taken by the Department to empower Rural India by bringing all Post Office Savings schemes to their doorsteps.
(With PIB inputs)