Finance Ministry OM on Revision of interest rates for Small Savings Schemes of Central Government from 1st January, 2017 and ending on 31st March 2017
Post Offices are going to function as Commercial Banks. Postman are going to act as mini ATM. Pensioners & account holder will get benefited
All citizens, especially 40% of the country’s population that is outside the ambit of formal banking in the country will benefit from this project.