India, March 18 -- The Government of India has issued a release:
The Department of Posts, through a network of over 1.64 lakh post offices, serves more than 47 crore Post Office Savings Bank (POSB) account holders. POSB plays an important role in financial inclusion through its Savings Schemes such as Post Office Savings Account (POSA), Time Deposit Account (TD), Recurring Deposit Account (RD), Monthly Income Account (MIS), Senior Citizens Savings Scheme (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Account (SSA), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), and the PM CARES for Children Scheme.
It has been instrumental in distributing funds under social security schemes, pensio...