Ministry of Communications
Department of Posts extends all small savings schemes upto the Branch Post Office level
The decision aims to empower Rural India by bringing all Post Office Savings schemes to their doorsteps
Posted On:
24 JUL 2020 7:57PM by PIB Delhi
In order to strengthen its network and postal operations in rural
areas and provide 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 the 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.
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.
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