There on will be more people engaged in agriculture and production will be increased as they would be provided with many more facilities. Please log in again. In July , the Post Office of India introduced a quarter anna postcards that could be posted from one place to another within British India. Parvathidevi, Suggest you to invest in Equity Linked Savings Schemes of mutual funds for tax-saving cum long-term wealth creation of wealth. KVP can be encashed in eight equal monthly installments after the lock-in period. The interest is completely tax free. In it was revealed that the Indian postal service had formulated plans to enter the banking industry after RBI guidelines for the issuance of new banking licenses were released.
Generally within a few months, this money amounts to a small saving in itself which can be used in any of the Post Office Savings Schemes with good returns. Excellent work done by the GradeUp team, thanks. Role of Post Office in Financial Inclusion Financial Inclusion is the availability of banking services at an affordable cost to disadvantaged low-income groups. Under this scheme, the Govt. The minimum amount that can be invested is Rs
The Indian postal system essa of being the largest postal network in the world with more than 1. It can be both addressed as well as unaddressed.
Facalities paatra by Indian Postal Department are: It can be safely said that the Post Office has indeed played a pivotal role in the socio-economic development of the country, and no amount of technology like e-mails and smartphones can ever make post offices obsolete. Rahul Saini Yes, as the bank exams are enlarging the syllabus of general awareness day by day.
Kisan Vikas Patra
It was developed and maintained under the Mogul and later rulers. Post Office Savings Bank which was establish with an objective of encouraging saving habit and thrift among the masses has now become a medium of mobilizing a huge amount of funds.
Excellent work done by the GradeUp team, thanks. Donald January 6, at 1: Investor can pay single premium and get periodic pension.
Ashutosh Sharma January 8, at 1: The maturity period of a KVP is 2 years 6 months 30 months. On the eve of war the Post Office not only handled a yearly total 5. Parvathidevi, Suggest you to invest in Equity Linked Savings Schemes of mutual funds ezsay tax-saving cum long-term wealth creation of wealth.
If I’ll be free I can think more innovative idea’s.
KVP can be encashed in eight equal monthly installments after the lock-in period. Apart from providing regular postal services the patrra offices in India are also providing financial services to the public through Post Office Savings Bank. As with the introduction of uniform postage in Britain this led to a rapid increase in use of the postal system. The Kisan Vikas Patra scheme was originally launched in April, but was esway in The interest rate ranges from 6.
The Theory of Everything: Post Office
This certificate can be purchased by an adult on behalf of a child and the deposit qualifies for tax rebate under Sec 80C of IT Act. Esswy the schemes do not have any tax benefits.
A Commission was setup in and submitted its report in that resulted in the post office act of Although the Indian Post Office was established inAsia’s first adhesive stamp, the Sinde Dawk, was introduced in by Sir Bartle Frere, the British East India Company’s administrator of the province of Sind who had introduced the penny post.
Features of KVP — a bird’s eye view: The new interest rate on KVP would vikad 7. The account in this scheme can be opened with INR With 1, 55, Post Offices, the DoP has the most widely distributed postal network in the world.
Post Office Savings Schemes in India | My India
It aims to target youth, under the age group of years. Subscribe to Blog via Email Subscribe vokas MyIndia and get access to all the latest happenings around the India with a single click. The result was the first Indian Post Office Act of Generally within a few months, this money amounts to a small saving in itself which can be used in any of the Post Office Savings Schemes with good returns.
The Indian post offers many financial services throughout all its branches.