With reference to the small savings schemes consider following statements Department of Posts has ex...........

Economic Affairs Types of Banks and Banking

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With reference to the small savings schemes, consider following statements

Department of Posts has extended all small savings schemes upto the branch post office level.
The new order has allowed Branch Post Offices to offer facilities of Public Provident Fund, Monthly Income Scheme, National Savings Certificate, Kisan Vikas Patra and Senior Citizen Savings Schemes.
People living in villages will be able to deposit their savings into these popular schemes through the post office in their village itself.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

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Explanation:

Department of Posts has extended all small savings schemes upto the branch post office level. The new order has allowed Branch Post Offices to offer facilities of Public Provident Fund, Monthly Income Scheme, National Savings Certificate, Kisan Vikas Patra and Senior Citizen Savings Schemes. People will now be able to deposit their savings into these popular schemes through the post office in their village itself. There are 1,31,113 Branch Post Offices functioning in the rural areas. The decision aims to empower rural India by bringing all Post Office Savings schemes to the doorstep of the people living in rural areas. Hence all statements are correct.