Initially, the Department of Post had introduced static QR code at the point of sale counters at the post offices to enable digital transactions.
This is what legal heirs or nominees should know about claiming money from a deceased savings account holder of the post office.
You can change or add a nominee in post office savings schemes, but this might cost a nominal amount based on when and how you do it.
Transferring your Sukanya Samriddhi Yojana (SSY) account from a post office to a bank offers better accessibility, digital management, and customer support.
It comes after he pledged action following the issue, which dates back to the 1990s, was brought back into the limelight following a television drama series aired recently.
Back in April 2021, the case of Seema Biswas, now 47, came to light when she had her conviction quashed alongside Vijay Parekh, two British Indian sub-postmasters among a group of 39 who won a Court of Appeal case.
India’s first 3D printed post office was inaugurated in Bengaluru today. A video shared by Union Minister Ashwini Vaishnaw, who inaugurated the post office, shows how its construction was completed in just 45 days. Watch for more
India’s first 3D printed post office was inaugurated in Bengaluru on August 18.
Larsen and Toubro Construction has build India’s first-of-its-kind post office, with 3D printing technology in Bengaluru, Karnataka. The project is 1,100 square feet Halasuru Post Office and is built at a cost of Rs 23 lakh using 3D Concrete Printing Technology.
The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks on deposits of similar maturity.
India’s first 3D-printed post office all set to come up in Bengaluru within a month’s time
August 15 marks another significant milestone for India. This year, India not just celebrates 75years of country’s independence from British Raj but also celebrates the 50th anniversary of Postal Index Number (PIN). A PIN code refers to a six-digit code in the Indian postal code system used by India Post.
India Post is now offering passport registration and passport apply facility at various post offices in India.
Filing income tax return at post office: The India Post has announced the latest initiative to ease tax filing process for taxpayers.
Fixed deposits (FDs) are considered to be a safer investment choice.
Using the app, the customer can complete day to day activities such as depositing money, checking balance, transferring money and other financial transactions, which otherwise required one to visit the nearest post office.
The maximum amount that can be invested is Rs 15 lakh
Small savings have thrived because they offer safety and higher returns
The facility will be available to all savings account holders of core banking solutions (CBS)- enabled post offices.
The consumers simply have to approach their nearest post office with a valid identity proof to complete the purchase, release said.
Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses.
The post offices have also exchanged about Rs 3,680 crore of old currency notes between November 10 and 24, Department of Posts Secretary BV Sudhakar told PTI.
The ministry had yesterday said that Rs 500 and 1,000 rupee notes cannot be used for making deposits in small savings schemes.
As per a notification issued today, banks, co-operative banks and post offices will have to report to the tax department cash deposits exceeding Rs 50,000 in a single day or aggregating to more than Rs 2.5 lakh during the period November 9, to December 30, 2016.
"The counter for eBay sellers at Gurgaon and Faridabad business post center will be exclusive for them to send their products through speed post, registered post or any other service they wish to opt for in both the cities," India Post Master General Gurgaon and Faridabad Umesh Verma said in a statement.