The Post Office Act 1854 was promulgated and brought into operation on October 1, 1854 as forerunner to govern the functions of as many as 700 Post Offices (POs) established by the British East India Company till 1854. Thus, officially, India Post enters into 170th year of its establishment on
Banks revise fixed deposit interest rates depending on the RBIs repo rate announcement, while Post Office Time Deposit (POTD) interest rate is revised by the government every quarter. Here is a comparison of Post office time deposits and SBI fixed deposit interest rates
The Mahila Samman Savings Certificate, 2023 is a small savings scheme for women and girls in India, introduced to promote financial inclusion and empowerment. It can now be opened at banks as well as post offices