Categories: Business

Small Saving Schemes in Post Office. Postal department takes big step for small savings schemes, rural India will be strong

Photo: INDIA TV

Small Saving Schemes in Post Office

new Delhi. The Department of Posts has taken a major step to extend the reach of all small savings schemes including PPF to rural areas. Small savings schemes of the Department of Posts will reach rural level to strengthen rural India. You can also earn big profits by investing in small savings schemes of the postal department. Investing in it is also very easy.

More than 1.31 lakh post offices are getting these services

Actually, the postal department has expanded all the small savings schemes to the branch post office level. 1,31,113 branch post offices are functioning in rural areas. Apart from the facilities of letter, speed post, parcel, electronic money order, rural post life insurance, these branch post offices are now providing post office savings account, recurring deposit, fixed deposit and Sukanya Samriddhi account schemes.

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Take advantage of these small savings schemes

The new order envisages the Post Office branches of Public Provident Fund Account, Monthly Income Scheme (MIS), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Senior Citizen Savings Schemes (SCSS), and Sukanya Samriddhi Yojana Scheme (SSYC). Permission has been granted to provide the facility. People will now be able to deposit money in these savings schemes in their village post offices only. Rural people will now be able to get the same post office savings bank facilities, which are being taken advantage of by the people living in the city. They will be able to deposit their savings in popular schemes only through the post office of their village. Explain that the interest rates of small savings schemes are reviewed by the government every three months. From 1 July to 30 September 2020, the interest rates on individual small savings schemes are the same as in the previous quarter.

This post was published on July 25, 2020 8:23 pm

Content Team

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