Assistant Professor, Department of International Business and Commerce, Alagappa University, Karaikudi
Online published on 21 November, 2013.
Now-a-days financial institutions like the savings banks, co-operative societies, investment companies and non banking financial companies play an important role to promote the habit of savings and to mobilize funds. Among the available options, postal small savings scheme are playing a significant role in mobilizing funds from the people. Post office saving bank is the largest saving institutions in the Country. Post Office Saving Bank play vital role. The banking services provided by post office attract a large number of people both from rural and urban areas due to easy accessibility and assured return. The post office offers various schemes to encourage the savings and motivate people to save.
