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The Indian Post Office Act (1898) requires Parliament nod for modification of fees charged for all services provided by postal establishments. The Post Office Bill (2023) provides necessary flexibility to the postal department in determining the prices of its services within a highly competitive domestic courier industry and facilitates prompt responsiveness to dynamic market demands.
Eventually they are planning to open a Post Bank of India, an independent banking service. [57] As of 29 February 2016, 18,231 post offices are utilizing Core Banking Solutions (CBS). [58] ATMs are installed at 576 Post Office locations and debit cards issued to Post Office Savings Bank customers. [59]
English: Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
A Belgian railway parcel stamp used in 1881 at Verviers. The international parcel service, which allowed the orderly shipment of mailed packages and parcels from one country to another according to predetermined rates, was established by the Universal Postal Union on 1 October 1881 (Great Britain, India, The Netherlands and Persia, 1 April 1882), following the agreement of 1880 in Paris during ...
The Chennai GPO is the primary post office of South India and has the Postal Index Number (PIN) 600 001. The GPO handles most of the city's inbound and outbound mail and parcels. Chennai GPO operates from 8:00 am to 8:30 pm from Monday to Saturday.
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The Post Office Act XVII of 1837 provided that the Governor-General of India in Council had the exclusive right of conveying letters by post for hire within the territories of the East India Company. Section XX required all private vessels to carry letters at prescribed rates for postage. [8] A handstamp was applied to preadhesive ship letters. [9]
The Post Office Act, 2023 is an act of the Parliament of India to consolidate and amend the law relating to Post Office in India along with expansion and modernization of its services. The Bill also replaces The Indian Post Office Act of 1898. [1] [2] [3] [4]