Profitable Post Office Schemes and Services for All Ages and Requirements. Download Postal Services eBook in PDF.
The Post Office offers a variety of savings schemes and services that cater to individuals of all ages, providing secure and profitable options for investment and financial planning. From saving accounts to long-term income schemes, here’s an overview of the most popular schemes provided by the Postal Department.
Table of Contents
| Index | Scheme or Service | Page Number |
|---|---|---|
| 1 | Postal Savings Account | 3 |
| 2 | Post Office Recurring Deposit (RD) Account | 4-5 |
| 3 | Post Office Time Deposit Account | 6-7 |
| 4 | Post Office Monthly Income Account (MIS) | 8-9 |
| 5 | Senior Citizens Savings Scheme (SCSS) | 10-12 |
| 6 | Women's Honor Savings Certificate Account | 13-15 |
| 7 | Sukanya Samriddhi Account | 16 |
| 8 | National Savings Bond | 17 |
| 9 | Kisan Vikas Patra (KVP) | 18 |
| 10 | Post Office Public Provident Fund (PPF) Account | 19-20 |
| 11 | Various Services Offered by the Post Office | 21-23 |
| 12 | ‘PM Cares for Children’ Project | 24-26 |
| 13 | Profitable Post Office Schemes | 27 |
| 14 | Postal Department Services - For All Ages and Needs | 28-29 |
1. Postal Savings Account (Page 3)
- Description: A regular savings account that offers guaranteed returns with easy access to your money.
- Details:
- Minimum balance requirement
- Interest calculated quarterly
- Suitable for daily savings
2. Post Office Recurring Deposit (RD) Account (Pages 4-5)
- Description: A recurring deposit scheme where you deposit a fixed amount every month.
- Details:
- Tenure: 5 years
- Fixed monthly deposit with compounded interest
- Ideal for long-term savings with regular income
3. Post Office Time Deposit Account (Pages 6-7)
- Description: Fixed deposits with various tenure options, offering higher interest rates than savings accounts.
- Details:
- Tenure: 1, 2, 3, or 5 years
- Interest compounded annually, paid quarterly
- Suitable for lump-sum investments
4. Post Office Monthly Income Account (MIS) (Pages 8-9)
- Description: A scheme that provides fixed monthly income on your investment.
- Details:
- Minimum investment required
- Guaranteed monthly income
- Ideal for retirees or those looking for regular income
5. Senior Citizens Savings Scheme (SCSS) (Pages 10-12)
- Description: A high-interest savings scheme for senior citizens.
- Details:
- Tenure: 5 years (extendable)
- High interest paid quarterly
- Safe investment option for individuals over 60 years of age
6. Women’s Honor Savings Certificate Account (Pages 13-15)
- Description: Special savings account exclusively for women, offering favorable returns.
- Details:
- Aimed at empowering women financially
- Attractive interest rates
- Encourages women to save for the future
7. Sukanya Samriddhi Account (Page 16)
- Description: A savings scheme aimed at securing the future of the girl child.
- Details:
- Only for parents of a girl child (below 10 years)
- Long-term investment with high returns and tax benefits
- Partial withdrawal allowed after the child reaches 18 years of age
8. National Savings Bond (Page 17)
- Description: A long-term savings bond with guaranteed returns.
- Details:
- Tenure: Long term
- Interest rate: Competitive and stable
- Suitable for risk-free investments
9. Kisan Vikas Patra (KVP) (Page 18)
- Description: A savings certificate scheme that doubles your investment after a fixed tenure.
- Details:
- Tenure: 10 years (subject to change)
- Risk-free and guaranteed returns
- Ideal for rural investors and small savers
10. Post Office Public Provident Fund (PPF) Account (Pages 19-20)
- Description: A popular long-term savings option with tax benefits.
- Details:
- Tenure: 15 years (extendable)
- High interest rates and tax-free returns
- Ideal for retirement savings
11. Various Services Offered by the Post Office (Pages 21-23)
- Mail Services: Speed Post, Registered Post, and Parcel services
- Financial Services: Money transfer, bill payments, insurance, and banking services
- Philatelic Services: Collecting and distributing stamps for collectors
- Other Services: E-commerce and retail services
12. ‘PM Cares for Children’ Project (Pages 24-26)
- Description: A government initiative providing financial aid and support to children affected by COVID-19.
- Details:
- Offers monthly financial support for children's welfare
- Special accounts and services for affected children
- Social security and educational support for orphans
13. Profitable Post Office Schemes (Page 27)
- Post Office Savings Account
- Post Office RD
- Senior Citizens Savings Scheme
- Kisan Vikas Patra
- Sukanya Samriddhi Account
- Public Provident Fund (PPF)
These schemes provide reliable returns and tax benefits, making them an excellent choice for individuals looking for secure investments.
14. Postal Department Services - For All Ages - For All Kinds of Requirements (Pages 28-29)
The Post Office offers services for every stage of life—from savings schemes for children to monthly income schemes for retirees. Whether you are looking to save for your future, earn a regular income, or invest in long-term plans, the Post Office has a scheme to suit your needs. With its wide range of financial services, it serves as a trusted platform for all age groups and financial needs.
