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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