Let me introduce to Mr Shah. We call him handsome Shah
Mr Shah lives very close to the post office has lot of trust on the Postal System and over the years his father has taught him to go to the post office to post letters, pick up parcels, and dispatch parcels, due to his regular visits he is very familiar with the people, the system and the staff of the Post Office, slowly all his earning started getting deposit here, and now over the years he does not look at any other options, but works with the Post office as it is very close to his home.
He has introduced his friend living nearby also to have their money in the Post Office countless schemes.
Some Of the Schemes are:
Post Office Savings Account (SB)
National Savings Recurring Deposit Account (RD)
National Savings Time Deposit Account (TD)
National Savings Monthly Income Account (MIS)
Senior Citizens Savings Scheme Account (SCSS)
Public Provident Fund Account (PPF)
Sukanya Samriddhi Account (SSA)
National Savings Certificates (VIIIth Issue) (NSC)
Kisan Vikas Patra (KVP)
PM CARES for Children Scheme, 2021
Most of these schemes give you similar interest as the banks fixed deposit between 7 and 8 % per yr.
