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India Post Payments Bank, abbreviated as IPPB, is a division of India Post that is under the ownership of the Department of Post, a department under the Ministry of Communications of the Government of India. Opened in 2018, as of January 2024, the bank has more than 8 crore customers. [1]
Ireland. In Ireland, An Post provide a Post Office Savings Bank Deposit Account. It provides an interest rate of 0.15% which is added to the account at the end of the year. Customers are provided with a physical deposit book and can deposit and withdraw from the account using the deposit book at any Post Office Branch.
Postal savings. The post office offers a number of savings plans, including recurring deposit accounts, Sukanya Samriddhi Account (SSA) is also known as Sukanya Samriddhi Yojana (SSY), National Savings Certificates (NSC), Kisan Vikas Patra (KVP), the Public Provident Fund, savings-bank accounts, monthly-income plans, senior-citizens' savings ...
The accounts can be opened at any India Post office or a branch of some authorized commercial banks. Initially, the interest rate was set at 9.1% but later revised to 9.2% in late March 2015 for FY2015-16. The latest interest rate for Sukanya Samriddhi Account revised from January 1, 2024 is 8.2%.
Both sides of 1953 Fifty-Rupees Post Office National Savings Certificate. National Savings Certificates, popularly known as NSC, is an Indian Government savings bond, primarily used for small savings and income tax saving investments in India. It is part of the postal savings system of India Post . These can be purchased from any Post Office in ...
Post Office Savings Bank is a name used by postal savings systems in several countries, including: New Zealand, later renamed the PostBank. United Kingdom, later renamed the National Savings and Investments. Singapore, later renamed POSB Bank. Kenya, also known as the Kenya Post Office Savings Bank. Austra, also known as the Österreichische ...
The Public Provident Fund ( PPF) is a savings-cum-tax-saving instrument in India, [1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits. [2]
Recurring deposit. A recurring deposit is a special kind of term deposit offered by Indian banks and Post Office [1] which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. [2] It is similar to making fixed deposits of a ...