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A drop in employees doesn't take away the world's largest postal service tag
India Post serves more than 50 crore POSB customers across the country. This number is 1.5 times the entire population of USA
In the near future, an increase in small savings plans will be encouraged by widening interest rate gaps between bank deposits and savings plans
Some of these funds are specially designed for senior citizens to meet their post-retirement financial needs
These government-backed life insurance schemes are available at rural post offices
There are 154,965 post offices in the country, which makes the Indian postal network the largest in the world
Small savings schemes by the department of posts have gained a lot of popularity among the risk averse investors
The advantage of PLI is that they offer the products at relatively cheaper premium with high bonus rates
Covid protocols like social distancing, wearing masks, use of sanitisers should strictly be followed and arrangements should be made for the same
Maharashtra stood 1st in mobilising bank deposits whereas Bengal is ahead in Post Office deposit schemes
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Diversification is key and should be followed for stable and steady returns in the long run.
There is a need to continuously facilitate trade and industry and provide thrust to the growth promising sectors of Indian economy.
Government too will get its own fair share from the expanded capping on FDI as it is trying to trigger greater competition for spectrum auctions
The additional health related riders accompanied with term insurance plan allows tax-saving benefits up to Rs. 25,000
