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A postage stamp released during the launch of India Post Payments Bank in 2017. On 19 August 2015, India Post received a license to run a payments bank from the Reserve Bank of India. On 17 August 2016, it was registered as a public limited government company for setting up a payments bank. [2]
A Post Box of India Post A special stamp released on India Post Payments Bank in 2017. The Postal Index Number (PIN, or sometimes redundantly PIN code) is a six-digit postal code. The PIN system was made by Shriram Bhikaji Velankar when he was at service in Kolkata. It was introduced on 15 August 1972 by former Prime Minister Indira Gandhi.
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), Gross national income (GNI), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost).
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Tax deducted at source (TDS) applies to recurring deposits in India. If the interest earned on recurring deposits exceeds Rs. 40,000 a year, TDS would be deducted by the bank at the rate of 10%. Income tax is to be paid on interest earned from a Recurring Deposit at the rate of tax slab of the Recurring Deposit holder.
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.
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