The Banking and Remittance Companies Supplied By Indian Postal Division


Companies Supplied By Division Of Put up Ministry Of Communications Authorities Of India

There are numerous companies offered by Division of Put up Ministry of Communications Authorities of India. They’re:

1. Mails Companies: Premium, Home, Worldwide
2. Banking and Remittance companies
3. Insurance coverage: Postal, Rural, PLI Premiums
4. Stamps
5. E-commerce: Purchase e-IPO and Philately Merchandise
6. Enterprise Companies: Invoice mail, Direct submit, Media Put up, Enterprise submit, Logistic submit, e-Funds, e-Put up
7. Retail Companies: Retail submit, Replace Aadhaar, Passport Seva Kendra, Gangajal Companies, Holy Blessings, India Put up Passenger Reservation System (PRS)
8. Door Step Companies

Banking and Remittance Services Provided By Indian Postal Department

Banking and Remittance Companies Supplied By Indian Postal Division

Postal Banking is the place the Postal Division handles the money credit score and debits and offers all companies identical to financial institution however in a extra secured method.
Remittance companies are cash switch companies, obtainable in each home and worldwide places.

Tell us in regards to the Banking and Remittance companies offered by Indian postal division:

1. Put up Workplace Financial savings Scheme
2. Cash Order
3. Worldwide Cash Switch Companies
4. Janasuraksha Scheme
5. Mutual Funds
6. Nationwide Pension System
7. India Put up Funds Financial institution
8. Internet Banking

1. Post Office Savings Scheme:

1. Put up Workplace Financial savings Scheme:

These financial savings scheme has completely different characteristic, additionally it has detailing about who can open Accounts, the best way to deposit and withdraw the quantity, rates of interest, maturity quantity and so on. Put up workplace additionally avails completely different further services on financial savings accounts.

There are numerous financial savings accounts obtainable in Indian submit workplace like: 

 

  • Financial savings Account (SB)
  • Recurring Deposit account (RD)
  • Time Deposit account (TD)
  • Month-to-month Revenue Account (MIS)
  • Senior Residents Financial savings scheme (SCSS)
  • Public Provident Fund Account (PPF)
  • Sukanya Samriddhi Account (SSA)
  • Nationwide Financial savings Certificates (NSC)
  • Kisan Vikas Patra (KVP)

2. Money Order:

2. Cash Order:

One can ship the cash to an individual on to their door step by utilizing this explicit facility, In olden days this was thought of one of the best and secure technique to switch cash, as there was no correct training, in addition to on-line services. It is a quite simple methodology of cash switch, the place you ship cash by submit workplace company, on this methodology the sender writes the title of particular person to whom the cash needs to be transferred, acknowledgement is obtained after the switch of cash. Choices like Alteration in deal with or place of fee, Alteration of payee’s title, Stoppage of fee are additionally obtainable on this Cash Order facility.

There’s additionally Worldwide Monetary System (IFS) Cash order facility by Indian submit with La Poste Group, France and UAE.

3. Worldwide Cash Switch Companies:

The Indian submit workplace permits the switch of cash from overseas to beneficiaries in India. This facility is offered in an effort to assist NRI dependent households, overseas college students learning in India, worldwide vacationers. This facility is on the market for 195 nations and territories wherein recipients can gather cash in couple of minutes.

4. Janasuraksha Scheme:

With normal working process, There are 3 Schemes as per now which come underneath Janasuraksha scheme. They’re:
Pradhan Mantri JeevanJyoti Bima Yojna(PMJJBY)
Pradhan Mantri Suraksha Bima Yojna(PMSBY)
Atal Pension Yojna(APY)

5. Mutual Funds:

Indian Put up Workplace additionally Consists of Mutual Funds and bonds in its monetary Companies.

6. Nationwide Pension System:

Nationwide Pension System – All Citizen mannequin is a voluntary retirement financial savings is a sustainable answer for satisfactory retirement revenue to each citizen of India with lowest value pension scheme. It’s Easy, Versatile, Moveable.

7. India Put up Funds Financial institution:

A easy and environment friendly arrange by Indian postal division Fully Owned by Authorities of India for deposits and cash switch with all of the associated services. IPPB gives Deposits, Cash Switch, Direct advantages switch, Third get together Merchandise (loans, insurance coverage, funding), Invoice and Utility Funds, Enterprise and Service provider funds.

8. Internet Banking:

Indian postal division offers this e-Banking portal for it is person, wherein an individual can Handle his/her personal Banking. All form of Accounts associated to Indian postal division, Transactions, Basic Companies could be managed by utilizing this Internet Banking.

 Minimum Balance And Service Charges For Post Office Savings Account Scheme Minimal Stability And Service Prices For Put up Workplace Financial savings Account Scheme

Conclusions:
Banking and Remittance companies offered by Indian postal division are very useful for Indian residents, Indian Postal Division is totally secure and secured, one can at all times go along with Authorities Schemes and companies. It is essential to Make as soon as personal analysis earlier than investing or depositing in any form of schemes. 



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