Postmaster general of Varanasi region, Krishna Kumar Yadav, felicitated postal officials for excellence in various fields and highlighted the opening of 5.44 lakh new savings accounts and 2.73 lakh India Post Payments Bank accounts in Varanasi in the financial year 2023-24. Various services including savings bank, insurance, digital banking, Aadhaar, passport, and more are provided under one roof in post offices, connecting people in remote areas.
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If a depositor has already opened an account and has not submitted his Aadhaar number to the Accounts office, it is necessary to do within a period of six months starting from April 1, 2023.
The government has kept interest rates on small savings schemes unchanged since the past two years after they were last revised in the first quarter of 2020-21, even as banks have drastically hiked their home loan and term deposit rates after the Reserve Bank of India (RBI) raised its repo rate by 140 basis points since May 2022.
The government has kept interest rates on small savings schemes unchanged since the past two years after they were last revised in the first quarter of 2020-21, even as banks have drastically hiked their home loan and term deposit rates after .
Post Office RD also offers higher interest rates. The advantages of this scheme are that the minimum investment is as little as Rs 100, and there is no maximum investment limit.