Tag: Indian post office

Indian Post office Applied for Bank

The Department of Posts (Indian Post office) submitted application before the RBI for a license to offer full-fledged banking services. ‘We have approached RBI today and hopefully having met all the conditions of RBI, an in-principle approval might be given.…

Senior Citizens Savings Scheme

Senior Citizens Savings Scheme

Senior Citizens Savings Scheme from Post office of India offers Interest @ 8.5% per annum from the date of deposit on quarterly basis. Interest can be automatically credited to savings account provided both the accounts stand in the same post office.