Post Ni Tamam Deposit Vyaj 15 Mi Thi Bachat Khata Ma Jama Thase.
I also thought for once that it is like going back to history or primitive era if I am writing about Post Office Savings Bank Account, but when I saw the offering, it is as good as normal savings account which is offered by banks.
The Post Office Savings Bank account is very convenient if you have a post office near your residence or office. You must have noticed how post offices have reformed recently and they are now better placed in terms of building amenities & technology.
Post Office Savings Bank Account offers many facilities which are at par with banks. it is connected to CBS system so can transfer your balance to Recurring Deposit RD or even SIP by giving a one-time standing instruction. Too much for a post office, I thought, but this is functional.
Post Office is the largest banking network in India. With more than 25,000 branches in city and town you find it after every 5-10 kms. Minimum one office for one pin code policy makes the number around 1.3 lakh post office for villages.