In financial year 2020, value of public provident fund (PPF) with post office held by individuals in India under financial assets amounted to over 897 billion Indian rupees, an increase from the previous year.
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While PPF and Sukanya Samriddhi Yojana can be opened in various banks and post offices, for other post small saving schemes one needs to have a Post office bank account. The post office now provides online banking and mobile banking, as discussed in our articlePost Office :Internet Banking, ...
To assist post office clients, the Indian Postal Department has recently launched a new India Post Mobile Banking Application. This programme allows PO account holders to send funds online, including transfers into PPF accounts and other post office schemes. Customers must have a post office savings...