Post Office savings News

Postinfo is available on both Android and iOS stores. Users can check the delivery status of all your orders coming via Indian Post. The app allows users to check the details of the nearest post office.

The Post Office Savings Account can be opened by cash only.

Here are some details of service charges that the Post Office charges you.

Following the demonetisaion move, the Finance Ministry on Tuesday cleared all air about the used of old Rs 500, Rs 1000 notes in saving schemes stating they cannot be used for such deposits.

Know the new rate of interest on various small savings schemes for the first quarter of financial year 2016-17.  

Customers with Post Office savings can now operate their accounts from 20,106 branches as they have been connected with core banking facility, Telecom Minister Ravi Shankar Prasad said on Monday.

The government on Tuesday cut rates on short-term post office deposits by 0.25 percent but left long-term instruments such as MIS, PPF, senior citizen and girl child schemes untouched.

Interest rate on various small savings like PPF, NSC and Post Office savings are set to fall as the government is contemplating reduction in rates.

Investments in KVP will remain under a lock-in for a period of 2.5 years and thereafter in any block of six months on pre-determined maturity value.

In view of popular demand, the government will on Tuesday relaunch saving instrument Kisan Vikas Patra (KVP), wherein the invested money will get doubled in 8 years and 4 months.