While the Indian postal service is as old as Independence, its banking products like the Post Office Savings Account (POSA) and Indian Post Payments Bank (IPPB) have started gathering steam lately.
India post has helped bridge the gap between the country’s rural population and banking system by offering doorstep services as well as zero balance account facilities.
However, it’s important to understand the difference between India Post’s various financial services in order to avail products that best suit your requirements.
Let us understand the key differences between POSA and IPPB:
Download Money9 App for the latest updates on Personal Finance.