Postal investments

The Department of Posts, trading as India Post, is a government-operated postal system in India; it is generally referred to within India as "the post office". As of March 2011, the Indian Postal Service had 1,54,866 post offices, of which 1,39,040 (89.78 percent) were in rural areas and 15,826 (10.22 percent) in urban areas.

Financial services

1) Savings Plans :

The post office offers a number of savings plans, including
a) National Savings Certificates,
b) Public Provident Fund,
c) Savings-bank accounts
d) Monthly-income plans
e) Senior-citizens' savings plans
f) Time-deposit accounts

2) Life Insurance Policies for government employees include:

a) Santhosh (endowment assurance)
b) Suraksha (whole-life assurance)
c) Suvidha (convertible whole-life assurance)
d) Sumangal (anticipated endowment policy)
e) Yugal Suraksha (joint life endowment assurance)

3) Life Insurance Policies for the general public:

• Gram Santosh (endowment assurance)
• Gram Suraksha (whole-life assurance)
• Gram Suvidha (convertible whole-life assurance)
• Gram Sumangal (anticipated endowment assurance)
• Gram Priya (10-year RPLI)[clarification needed]
• Children's policies

4) Mutual Funds

With an objective to leverage the strength of the postal network Department of Posts had started retailing mutual funds in partnership with IDBI-Principal in 2001. At present select schemes of Principal, SBI, UTI, Franklin Templeton and Reliance Mutual Fund are retailed through designated post offices in the cities.


In 2013 it was revealed that the Indian postal service had formulated plans to enter the banking industry after RBI guidelines for the issuance of new banking licenses were released. Eventually they are planning to open a "Post Bank of India". This will be an independent entity, separate from the current operations of Small savings Schemes being carried out by the Department of Posts on behalf of Ministry of Finance