Among the small savings schemes, the Five Year Post Office Time Deposit Account and the Senior Citizens Savings Scheme have proved to be popular. The Post Office Monthly Income Account (POMIA) Scheme is also popular. Small savings schemes are safe and secure avenues for keeping the savings of citizens, especially in semi-urban and rural areas. However, it is also important that the interest rates applicable to small savings schemes should be comparable to the interest rates that are available on other savings instruments of comparable maturity.
Entries Tagged 'Postal Savings' ↓
Post Office Small Savings Schemes in India
December 19th, 2007 — Postal Savings