Postal Savings System

The Postal Savings System is a government-run financial service offered through postal offices, allowing individuals to save money securely. It provides savings accounts and sometimes other financial services, often aimed at those who may not have access to traditional banks. The system encourages saving by providing a safe place for deposits and typically offers competitive interest rates. Established in various countries, it helps promote financial inclusion and uses the existing postal network to reach rural or underserved areas. Some nations have phased it out, while others still operate it as a valuable resource for the public.