India Post has recorded transactions worth ₹2,680 crore between Thursday and Saturday with post office saving bank accounts leading the business, according to an official statement issued.
According to data shared in the statement, people deposited a total amount of over ₹1,615 crore and withdrew over ₹896 crore during the three-day period.
India Post recorded transactions worth ₹819.72 crore on Thursday, ₹906.22 crore Friday and ₹954.22 crore on Saturday. The government has sharply cut the interest rate on small savings schemes, including the popular Public Provident Fund or PPF.
The new rates are applicable for this quarter, from 1st April to 30th June 2020. The India Post on Tuesday extended its 'Post Office on Wheels' services in UP's