SERVICES OFFERED

BY INDIA POST
 PHILATELY
 ARMY POSTAL SERVICE
 ELECTRONIC INDIAN POSTAL ORDER
 POSTAL LIFE INSURANCE
 POSTAL SAVINGS
 BANKING
 DATA COLLECTION
 E COMMERCE DELIVERY
 OTHER SERVICES
 WHAT’S THIS
SECTION ABOUT?

POSTAL LIFE INSURANCE

POSTAL SAVINGS AND
BANKING
 POSTAL INSURANCE
Postal Insurance is divided into two types

• Postal Life Insurance (PLI)

• Rural Postal Life Insurance (RPLI)

 POSTAL LIFE
INSURANCE(PLI)
EVOLUTION
 Postal Life Insurance (PLI) was introduced on 1 February 1884 with
the express approval of the Secretary of State (for India) to Her
Majesty, the Queen Empress of India.
 It was essentially a welfare scheme for the benefit of Postal
employees in 1884
 Later extended to the employees of Telegraph Department in 1888.
 In 1894, PLI extended insurance cover to female employees of P & T
Department at a time when no other insurance company covered
female lives.
 POSTAL LIFE
INSURANCE(PLI)
 It is the oldest life insurer in this country.
 There was over 6.4 million policies active as on 31
March 2015 with a sum assured of ₹130,745
crore (US$16 billion).
 Premium income of PLI for the year 2014-15
was ₹6,053.2 crore (US$730 million).
 It was extended to all rural residents on 24 March
1995.
 POSTAL LIFE
INSURANCE(PLI)
Policies for government employees include
 Santhosh (endowment assurance)
 Suraksha (whole-life assurance),
 Suvidha (convertible whole-life assurance),
 Sumangal (anticipated endowment policy) and
 Yugal Suraksha (joint life endowment assurance)
 RURAL POSTAL LIFE
INSURANCE(RPLI)
India Post started Rural Postal Life Insurance (RPLI) for the
rural public in 1995.
RPLI plans include
 Gram Santosh (endowment assurance)
 Gram Suraksha (whole-life assurance)
 Gram Suvidha (convertible whole-life assurance)
 Gram Sumangal (anticipated endowment assurance) and
 Gram Priya.
 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)
 Public Provident Fund
 Savings-bank accounts
 Monthly-income plans
 Senior-citizens' savings plans
 Time-deposit accounts
 RECURRING
DEPOSITS
Recurring deposit schemes allow customers an
opportunity to build up their savings through
regular monthly deposits of a fixed sum over a
fixed period of time. The minimum period of a
recurring deposit is six months.
 FOR MORE INFORMATION VISIT

https://www.indiapost.gov.in/
Financial/Pages/Content/Post-
Office-Saving-Schemes.aspx
SUKANYA SAMRIDDHI YOJANA(SSY)
 A legal Guardian/Natural Guardian can open account in the name of Girl Child.
 A guardian can open only one account in the name of one girl child and maximum
two accounts in the name of two different Girl children.
 Account can be opened up to age of 10 years only from the date of birth. For initial
operations of Scheme, one year grace has been given. With the grace, Girl child who
is born between 2.12.2003 & 1.12.2004 can open account up to 1.12.2015.
 Account can be closed after completion of 21 years.
 If account is not closed after maturity, balance will continue to earn interest as
specified for the scheme from time to time.
 Normal Premature closer will be allowed after completion of 18 years provided that
girl is married.
 Interest rate for this scheme is 8.2%.
 For further details visit the official website of India Post.
 NATIONAL SAVINGS
CERTIFICATE(NSC)
 5 Years National Savings Certificate (VIII Issue)
 From 01.01.2024​, interest rates are as follows:-7.7 % compounded
annually but payable at maturity.
 Minimum of Rs. 1000/- and in multiples of Rs. 100/- No Maximum
Limit
 Any number of accounts can be opened under the scheme.
 Deposits qualify for deduction under section 80C of Income Tax Act.
 KISAN VIKAS PATRA(KVP)
 From 01.01.2024​, interest rates are as follows:-
 7.5 % compounded annually
 Amount Invested doubles in 115 months
(9 years & 7 months)
 ​Minimum of Rs. 1000/- and in multiples
of Rs. 100/- No Maximum Limit.
 Account can be prematurely closed after
2 years and 6 months from the date of deposit.
PUBLIC PROVIDENT FUND(PPF)
 From 01.01.2024​, interest rates are as follows:-
7.1 % per annum (compounded yearly).
 Resident of India
 Deposits qualify for deduction under section 80C of Income Tax Act.
 Interest earned is tax free under Income Tax Act
 Loans can be availed.
 Account will be maturity after 15 F.Y. years excluding FY of account
opening.
 SAVINGS BANK ACCOUNT
 4.0% per annum on individual / joint accounts
 ​Minimum INR 500/- for opening
 Interest will be calculated on the basis of minimum balance between
10th of the month and end of the month and allowed in whole
rupees only
 No interest will be allowed in a month if balance between 10th and
last day of the month falls below Rs. 500
 Interest shall be credited in account at the end of each Financial Year
at the interest rate prescribed by Ministry of Finance
 At the time of closure of account, interest will be paid up to the
preceding month in which account is closed
 u/s 80TTA of the Income Tax Act, from all Savings Bank Accounts,
interest up to Rs. 10,000 earned in a Financial Year is exempted from
 SAVINGS BANK ACCOUNT
The following facilities can be availed in
PO savings accounts
(i)Cheque book
(ii)ATM Card
(iii)ebanking /mobile banking
(iv)Aadhaar Seeding
(v)Atal Pension Yojana (APY)
(vi)Pradhan Mantri Suraksha Bima Yojana (PMSBY)
(vii)Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
NATIONAL SAVINGS MONTHLY INCOME ACCOUNT(MIS)
 From 01.01​.2024​, interest rates are as follows:-
7​.4​% per annum payable monthly.
 In multiples of INR 1000/-
 Maximum investment limit is INR 9 lakh in single account and INR 15
lakh in joint account
 An individual can invest maximum INR 9 lakh in MIS (including his
share in joint accounts)
 For calculation of share of an individual in joint account, each joint
holder have equal share in each joint account.
 Interest is taxable in the hand of depositor.
SENIOR CITIZENS SAVINGS SCHEME ACCOUNT(SCSS)
SENIOR CITIZENS SAVINGS SCHEME ACCOUNT(SCSS)
 From 01.01.2024​, interest rates are as follows:-
 8.2% per annum, payable from the date of deposit to 31st March/30th Sept/31st December in the
first instance & thereafter, interest shall be payable on 1st April, 1st July, 1st October and 1st
January.
 There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding
INR 30 lakh.
 An individual above 60 years of age.
 Retired Civilian Employees above 55 years of age and below 60 years of age, subject to condition
that investment to be made within 1 month of receipt of retirement benefits.
 Retired Defense Employees above 50 years of age and below 60 years of age, subject to condition
that investment to be made within 1 month of receipt of retirement benefits.
 Account can be opened as individual capacity or jointly with spouse only.
 The whole amount of deposit in a joint account shall be attributable to the first account holder only.
 Investment under this scheme qualifies for the benefit of section 80C of Income Tax Act, 1961.
 Interest is taxable if total interest in all SCSS accounts exceeds Rs.50,000/- in a financial year and
TDS at the prescribed rate shall be deducted from the total interest paid. No TDS will be deducted if
form 15 G/15H is submitted and accrued interest is not above prescribed limit.
 TIME DEPOSITS
Period Rate

1yr.A/c 6.9%

2yr.A/c 7.0%

3yr.A/c 7.1%

5yr.A/c 7.5 %
 SAVINGS BANK ACCOUNT
(i) Account type for 1 year, 2 year, 3 year, 5 year.

(ii) Account can be opened with minimum of

Rs. 1000 and in multiple of Rs. 100.
No maximum limit for investment.

(iii) Interest shall be payable annually,

No additional interest shall be payable on
the amount of interest that has become
due for payment but not withdrawn by
the account holder.

(iv)The annual interest may be credited to

the savings account of the account holder
by submitting application.

(v) The investment under 5 year TD qualifies for the benefit of section 80C of Income
Mahila Samman Savings
Certificate, 2023
Customers can raise service
request during timeline
mentioned below:
• Call @ Call Centre 155299 or
033-22029000
• Ad-hoc request through GDS,
• Postmen or Post office
NO EXTRA PAYMENT for
doorstep services.
Thank You