How Post Office New Account Opening Online & Offline Can Be Done?
As India is growing at a fast pace, there’s a need for financial inclusion, which means encouraging everyone to use the financial services provided by Banks, Non-Banking Financial Companies and other institutions. Especially, the plan is to concentrate on the rural sectors and the semi-urban areas, where most people don’t hold a savings bank account. Under the Pradhan Mantri Jan Dhan Yojna, the government aims to provide really cheap or free financial services so that it is easily accessible to the low income groups. In order to facilitate this movement, public sector and private sector banks are offering free of cost opening of savings bank account. But the reach of these banks or the penetration is very low. Only one institution has the most penetration in rural sector as well as urban sectors - the Indian Post Office. You wouldn’t know, but the India Post Office provides Account Opening Services both offline and online. Let’s take a look at how you can do a Post Offi...