INDIAN POSTAL BANK - 15 Mints Seminar Notes

INDIAN POSTAL BANK - 15 Mints Seminar Notes

• India Post is a government-operated postal system in India, part of the Department of Post under the Ministry of Communications. Generally known as the Post Office, it is the most widely distributed postal system in the world.
• Warren Hastings had taken initiative under East India Company to start the Postal Service in the country in 1766. 
• It was initially established under the name "Company Mail". 
• It was later modified into a service under the Crown in 1854 by Lord Dalhousie. 
• Dalhousiee introduced uniform postage rates (universal service) and helped to pass the India Post Office Act 1854 which significantly improved upon 1837 Post Office act which had introduced regular post offices in India.
• It created the position Director General of Post for the whole country.
  
• It is involved in delivering mail (post), remitting money by money orders, accepting deposits under Small Savings Schemes, providing life insurance coverage under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing retail services like bill collection, sale of forms, etc. 
• The DoP also acts as an agent for the Indian government in discharging other services for citizens such as old age pension payments and Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wage disbursement. 
• With 154,965 post offices (as on March 2017), India Post is the widest postal network in the world.
  
• The country has been divided into 23 postal circles, each circle headed by a Chief Postmaster General. 
• Each circle is divided into regions, headed by a Postmaster General and comprising field units known as Divisions. 
• These divisions are further divided into subdivisions.
• In addition to the 23 circles, there is a base circle to provide postal services to the Armed Forces of India headed by a Director General.
• One of the highest post offices in the world is in Hikkim, Himachal Pradesh operated by India Post at an altitude of 14,567 ft (4,440 m).
  

 

Who is the owner of India Post?

India Post is a government-operated postal system in India, part of the Department of Post under the Ministry of Communications.

Which is the first post office in India?

The East India company opened its first post office in 1727. In 1774 Calcutta GPO was established. The site where the GPO is now located was actually the site of the first Fort William. An alley beside the post office was the site of the guardhouse that housed the infamous 1756 Black Hole of Calcutta (1756).

What is the old name of India Post?

Company Mail

It was initially established under the name "Company Mail". It was later modified into a service under the Crown in 1854 by Lord Dalhousie.

Who is the father of Indian postal stamp?

the  answer is Robert Clive. The modern postal system, a preferred facilitator of communication in British India, was established in India by Lord Clive in 1766 and it was further developed by Warren Hastings in 1774.

How many types of Indian post are there?

All postal articles whose contents are in the nature of message can be classified as mail which includes Letters, Postcards, Inland Letter Cards, Packets, Ordinary, Registered, Insured, Value Payable articles and Speed Post. Mail is further classified as first class and second class mail.

Who is the chairman of India Post?

Shri Vineet Pandey is currently Secretary (Posts) and Chairman, Postal Services Board. He is an Officer of 1986 batch of the Indian Postal Service and has more than 33 years of experience in Postal Service.

What are the 2 types of postal services?

The two types of postal services are Regular mail and Express mail.

What are the 3 types of post office?

It is basically classified into 3 types, namely – Head Post office, Sub Post Office and Branch Post Office.

Which is best scheme in Post Office?

Well-known schemes are Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Yojanas. The government has made these small savings schemes available via post offices to provide a safe investment avenue for the public by providing good returns and keeping their investments safe

What are the schemes available in Post Office?

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)

Presented by,

Swarna

Banking Student

Magme Medal @ Hosur