Setting aside money in post office deposits are generally considered by many to be an extremely traditional way of saving cash. However, over the last few years, post offices in India are more or less operating like any other commercial bank offering a wide range of savings, deposits and long-term investment plans to retail investors.
Besides the regular savings and recurring deposits, investors can choose from the multiple risk–free options that post offices offer, right from term deposits for the salaried class to senior citizens looking to receive moderate returns on their life savings.
