1.

List out the various postal services offered by the postal department.

Answer»

The postal department of India known as India Post provides a variety of services. Few of them are classified and listed below.
(A) Mail services:

  • General postal letters
  • Registered posts
  • Parcel service
  • Value Payable Post (VPP)

(B) Premium services:

  • Speed post (For both, post and parcel)
  • Express parcel

(C) Financial services: These services can be further classified as:
(I) Saving services:

  • Recurring Deposit Scheme (RDS)
  • Time deposit
  • National Savings Certificate (NSC)
  • Kisan Vikas Patra (KVP)
  • Public Provident Fund (PPF)
  • Monthly Income Scheme (MIS)

(II) Postal Life Insurance (PLI)

(III) Money Remittance Services:

  • Money order (MO)
  • Electronic Money Order (eMO)
  • Instant Money Order (iMO)

(D) The foreign Exchange (Forex) services of postal department provides following services:

  • Purchase and sale of foreign exchange
  • Traveller’s cheque on foreign currency
  • Debit card
  • Demand draft

(E) Other services:

  • Mutual Fund (MF)
  • Banking services
  • Service to maintain pension account for pension depositors.
  • Railway ticket booking, etc.


Discussion

No Comment Found