Post Office Savings Bank

A Post Office Savings Bank is a government-managed banking service offered through post offices, allowing individuals to save money securely. It provides a safe way to deposit funds, earn interest, and access basic banking facilities like withdrawal and deposit services. These accounts are accessible to a wide range of people, especially in rural or underserved areas, promoting savings and financial inclusion. The system encourages disciplined saving habits and is backed by government guarantees, making it a reliable option for modest savings and financial planning for individuals and families.