India Post is reinventing itself from a traditional mail service into a modern logistics, e-commerce, and real estate powerhouse. Several post offices situated inside major university campuses, called Gen Z post offices, have received a facelift, with cafe-like decor and wi-fi availability.
Banks have been reluctant to transmit the entire policy rate cut by RBI to borrowers.
The government is planning a postal logistics infrastructure upgrade for India Post to modernise parcel facilities, aligning them with those in developed nations, according to Communications Minister Jyotiraditya Scindia.
After launching the ATM service at Thiyagaraya Nagar Head Post Office, Chidambaram said that Rs 4,909 crore had been allocated for the IT modernisation of Department of Posts in the interim budget for 2014-15.
The Central Board of Direct Taxes has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in case of joint accounts) will be taxable from the running fiscal.
The government on Friday announced a 5 per cent bonus on new monthly post office deposits. The bonus will be applicable for Post Office Monthly Income Accounts opened on or after December 8, the finance ministry said in a statement.
The government has hiked the interest rate on Public Provident Fund account (PPF) to 8.6 per cent from 8 per cent. The investment ceiling has been raised to Rs 1 lakh a year.
The government on Wednesday said interest rates on post office savings schemes, except the PPF, will remain fixed throughout the term of the scheme.
A police team in Kochi intervened to help a NEET candidate who was about to be denied entry to her examination centre due to a missing passport-size photograph. Their timely action, involving contacting a studio owner on a Sunday, ensured the student could sit for the crucial medical entrance test.
Thousands and thousands and thousands of adults owe their lives to the commitment and medical fervour of Dr Armida Fernandez, who a grateful nation honoured with the Padma Shri this year.
The Indian government has maintained the interest rates on small savings schemes, including PPF and NSC, for the eighth consecutive quarter, starting April 1, 2026.
Shiv Sena (UBT) MLC Ambadas Danve has accused the government of protecting police personnel allegedly involved in the death of a teacher, Suresh Borse, in Ellora. Danve claims a police officer was present during the incident and shared a picture on X suggesting police links to an accused.
Shiv Sena (UBT) MLC Ambadas Danve has accused the Maharashtra government of attempting to protect police personnel allegedly involved in the death of a teacher, Suresh Borse, in Ellora. Borse's family claims he was beaten to death, with police involvement. Danve stated he would raise the issue with the Chief Minister and shared a social media post showing a police officer with an alleged accused.
Millions of small savers and PPF account holders will earn less on their post office savings schemes, with the government deciding to reduce interest rates on them marginally by 0.10 per cent.
Cabo Verde goalkeeper Josimar 'Vozinha' Dias's mother, Ana Candida Evora, was welcomed by FIFA in Miami, ahead of Cabo Verde's FIFA World Cup 2026 Group H clash against Uruguay. This heartwarming gesture followed Vozinha's emotional revelation about his family's visa issues preventing them from attending his historic 0-0 draw against Spain. US authorities, in coordination with the State Department, the Cape Verde government, and FIFA, facilitated her travel, allowing her to support her son and the 'Blue Sharks' in person.
Bollywood celebrate Father's Day with memories, pictures and sweet messages on social media.
Uttar Pradesh Minister Om Prakash Rajbhar has sensationally claimed a major split is imminent within the Samajwadi Party, with many leaders reportedly ready to defect to the BJP, a claim vehemently denied by SP chief Akhilesh Yadav.
'The government's decision to keep interest rates unchanged on small savings schemes will certainly constrain banks' ability to cut deposit rates further.'
Bengaluru-based Priyanka* reveals how resuming her career and becoming financially independent taught her to feel confident about herself.
A woman and her nephew died of electrocution while drawing water from a hand pump outside their house in Shahjahanpur district, Uttar Pradesh, after a short circuit caused electric current to pass through the pump.
A Class 11 student in Ghaziabad died after being stabbed during an altercation. Police have arrested three suspects and are searching for the remaining two. The incident stemmed from a dispute over riding a motorcycle.
A Class 11 student in Ghaziabad, India, died after being stabbed during an altercation. Police have arrested three suspects and are searching for the remaining two. The incident has sparked concern, with calls for increased vigilance and justice.
'We can never trust the BJP when it comes to elections.'
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
The Centre has announced that the Viksit Bharat -- Guarantee for Rozgar and Ajeevika Mission (Gramin) Act will come into force across the country from July 1, replacing the Mahatma Gandhi National Rural Employment Guarantee Act.
A Class 11 student in Ghaziabad, India, died after being stabbed during an altercation. Police have arrested three of the five accused and are searching for the remaining two. The incident has sparked outrage, with officials promising strict action.
'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'
The Odisha Congress has called on Chief Minister Mohan Charan Majhi to convene an all-party meeting to address the increasing crime rate in the state. Protests have erupted following recent incidents, including a lynching, with demands for accountability from senior police officers.
Nearly two million postcards and eight million letters pass through India's post offices daily.
The staff at post offices misappropriated Rs 95.62 crore of public money between November 2002 and September 2021, the Comptroller and Auditor General has said. The money may seem small but it is what common citizen invested in post office savings, the oldest and the largest banking system in the country. The system serves the investment needs of urban and rural clients through schemes such as savings bank, recurring deposits, time deposits, national savings certificates, kisan vikas patras, public provident fund, monthly income account scheme, sukanya samriddhi accounts and senior citizens savings scheme.
In response to Prime Minister Narendra Modi's call for austerity, political leaders are reducing convoys and promoting public transport to conserve fuel.
'Shivakumar's relationship with the BJP and the RSS is not adversarial in the way Siddaramaiah's has been.' 'Siddaramaiah has publicly attacked the RSS on record; Shivakumar has made no such statement at any point.' 'He vociferously defended the Karnataka government's celebration of Ram temple consecration with RSS-ish arguments.'
India's toll collection growth is projected to moderate to 5-7 per cent year-on-year in FY27, a 150-200 basis points reduction, primarily due to the economic impact of the West Asia conflict and a slowdown in commercial traffic, according to Crisil Ratings.
'Mamata was more feared than loved, and in politics when people start fearing you then they start hating you.' 'So Mamata's comeback now is impossible.'
US authorities have shut down an India-based call centre operation that allegedly defrauded hundreds of elderly Americans of millions of dollars through tech support scams, following a years-long investigation.
The Centre had asked the Gymkhana Club in Lutyens' Delhi to hand over the premises, citing that the 27.3-acre plot was required for "strengthening and securing defence infrastructure".
A traffic police ASI was injured in Delhi's Shahdara after a car driver allegedly hit him and dragged him for nearly 100 metres while he clung to the vehicle's wipers.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
