Question

Write notes.

Postal account

Write the contact information.

Postal Service

Write the detailed answer.

Post account is changing with the times in science.

Answer 1

1. In 1766, the British established the post office in India. Thus, the ‘Indian Postal Department’ is more than 250 years old.
2. The postal department, which once only delivered letters, has undergone a total reformation.
3. It has entered in the field of banking. The postal department has introduced various schemes such as, ‘Postal Savings Accounts’, ‘Term Deposits’, ‘Public Provident Fund (PPF)’, ‘Kisan Vikas Patra’, ‘Sukanya Samruddhi Account’, and so on.
4. To improve its services, in all 23,557 postal offices were brought under ‘Core Banking Solutions’, till 2018.
5. Automated Teller Machines (ATM) was installed at many branches. Mutual Fund products of ‘Unit Trust of India’ were made available to customers at postal offices.
6. The postal department is also offering money transfer services to Non-Resident Indians.