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Role of Indian Post (Post Office) in Financial Inclusion


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1 Dept. of Commerce, University of Jammu, India
     

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Financial inclusion is assumed to be one of the key drivers of our vision of an inclusive society and inclusive economy. India has the largest postal network in the world. It has been the backbone of the country's communication and has played a crucial role in the country's socio-economic development for many years. Postal administrations, the world over, are obliged to provide countrywide services and enjoy trust and loyalty of the customers. At the same times Indian post offices are also providing banking services to the all sections of people of the society over a decade. Indian post served Indian villagers as banker much before financial inclusion became buzzword and Indian post claims to be the pioneer of financial inclusion in India. Through this paper an attempt has been made to study the role played by Indian post in financial inclusion and the challenges before the Indian post in providing banking services to the masses.

Keywords

Indian Post, Financial Inclusion, Financial Services, Post Office Savings Bank Account, Socio-economic Development.
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  • Role of Indian Post (Post Office) in Financial Inclusion

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Authors

Rashmi Manhas
Dept. of Commerce, University of Jammu, India

Abstract


Financial inclusion is assumed to be one of the key drivers of our vision of an inclusive society and inclusive economy. India has the largest postal network in the world. It has been the backbone of the country's communication and has played a crucial role in the country's socio-economic development for many years. Postal administrations, the world over, are obliged to provide countrywide services and enjoy trust and loyalty of the customers. At the same times Indian post offices are also providing banking services to the all sections of people of the society over a decade. Indian post served Indian villagers as banker much before financial inclusion became buzzword and Indian post claims to be the pioneer of financial inclusion in India. Through this paper an attempt has been made to study the role played by Indian post in financial inclusion and the challenges before the Indian post in providing banking services to the masses.

Keywords


Indian Post, Financial Inclusion, Financial Services, Post Office Savings Bank Account, Socio-economic Development.

References