#post-office
How to move your PPF account between banks or post offices; Can it transferred to another person?
PPF account holders can transfer their accounts between banks and post offices without losing continuity. However, it cannot be transferred from one individual to another. Details here.
Post office savings: Can ₹10 lakh FD and ₹10,000 RD create ₹1 crore in 20 yrs? Check how inflation impacts returns
A ₹10 lakh post office FD earning 7.5% and a ₹10,000 monthly recurring deposit earning 6.7% can grow into a corpus close to ₹1 crore over 20 years through compounding. However, inflation may significantly reduce the real value of these returns, making long…
Incremental revenue growth of Department of Posts to double to Rs 4,000 cr this year: MoS Communications
The Department of Posts targets a Rs 4,000 crore revenue increase this year. This follows a significant Rs 2,100 crore growth last fiscal year. The department is transforming post offices into profit centers. Innovations like 24-hour delivery and extended ope…