Post office savings, the new genre

Investing

 His wife and children fortunately have his postal savings to fall back upon since the law of the land does not permit investments in postal savings and public provident fund to be attached by any court in the country.

 Postal savings, which was once considered to be the ideal investment avenue for the lower middle class and the lower class, is now fast catching on with middle income and higher income groups.

 In a falling interest rate regime, postal savings offering returns of eight per cent have attracted huge inflows.

 Said postal savings agent Usha Jain: