Latest news with #IndiaPost
Hans India
2 days ago
- Hans India
CBI arrests Jharkhand Sub-Post Master for taking Rs 20,000 bribe
Ranchi: The CBI arrested a Sub-Post Master in Jharkhand for taking a bribe of Rs 20,000 from a commission agent who attracted investors to small savings schemes of the postal department, an official said on Tuesday. The complainant investment agent had got deposits worth lakhs of rupees, and the postal official wanted him to share the commission earned against them, a Central Bureau of Investigation (CBI) official said on Tuesday. The Sub-Post Master at Manoharpur, District West Singhbhum, was caught red-handed by the CBI while demanding and accepting the first instalment of a bribe amounting to Rs 20,000. The CBI registered the case on July 21 against the accused Sub Post Master on receipt of a complaint alleging that the accused demanded a bribe of Rs 1,18,000 (20 per cent of Recurring Deposit commission and 75 per cent of Standardised Agency System (SAS) commission) from the complainant. After negotiation, the accused agreed to accept an undue advantage of Rs 20,000 as the first instalment of the bribe amount. The CBI shared information about the case on a day when another postal department employee in Patna was sentenced to two years' imprisonment for wrongdoings. A Special CBI Court in Patna on Tuesday sentenced Lohra Bhagat, an accountant of India Post, to rigorous imprisonment (RI) for two years with a fine of Rs 1.10 lakh for drawing salary from another government department for three years. Lohra Bhagat worked as a Senior Accountant in the Department of Post and Deputy. Chairman, Bihar State Scheduled Tribe Commission, Patna, from July 2010 and July 2013. During these three years, he drew a salary of Rs 3,41,444 from the Government of India's postal department and Rs 14,87,591 and other miscellaneous expenses, like a leased vehicle of Rs 32,850 per month, from the Government of Bihar. The Central Bureau of Investigation (CBI) registered the case on March 31, 2014, against Lohra Bhagat and others.
News18
17-07-2025
- Business
- News18
How To Open A Post Office Fixed Deposit: Simple Online And Offline Guide
Last Updated: You can open a Post Office Fixed Deposit anywhere in India, either online or offline. Here's how. Post Office Fixed Deposits (FDs) are secure, government-backed investments popular in India. They offer fixed returns over tenures of 1 to 5 years, with interest compounded quarterly and paid annually. With rates ranging from 6.9 per cent to 7.5 per cent per annum in 2025, they are attractive for conservative investors seeking steady income. Whether you are tech-savvy or prefer traditional banking, you can open a Post Office FD either online via the e‑banking portal or app or offline by visiting your nearest post office. FD In Post Office: Interest Rates in 2025 As of 1 July 2025: 1-year FD: 6.90 per cent p.a. 2-year FD: 7.00 per cent p.a. 3-year FD: 7.10 per cent p.a. 5-year FD (including tax-saving option): 7.50 per cent p.a. These rates apply equally to regular and senior citizens, unlike separate senior FDs in banks. – Create an account: Register on the India Post e‑banking portal ( or download the Post Office mobile banking app. – Upload KYC documents: Provide identity and address proof (Aadhaar, PAN, voter ID, utility bills, passport). – Make payment: Pay online via net banking or UPI. – Confirmation: Receive the FD account number and digital receipt upon successful submission. FD In Post Office: How to Open Offline – Visit a post office: Go to your nearest India Post branch offering FD services. – Collect and fill form: Obtain the Post Office Time Deposit form or download it online; complete it and attach a photo. – Submit documents and deposit: Submit the form with KYC proofs and deposit the FD amount in cash or by cheque/demand draft. – Confirm account: Get a stamped receipt or passbook entry confirming your FD and maturity date. FD In Post Office: Benefits FD Guaranteed returns: Backed by the Government of India, ensuring capital protection. Competitive rates: Up to 7.5 per cent p.a., often higher than traditional bank FDs. Tax-saving option: 5-year FDs qualify for Section 80C deductions (up to Rs 1.5 lakh). Premature withdrawal: Allowed after 6 months (penalties apply). Nomination facility: You can name a nominee for hassle-free succession. No upper deposit limit: Deposit any amount (in multiples of Rs 100). To open one, simply choose your preferred mode—online through the e‑banking portal/app or offline at a branch—and enjoy a reliable investment route for long-term savings. view comments First Published: July 14, 2025, 15:49 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
17-07-2025
- Business
- The Hindu
Minister inaugurates new Head post office in Razole
Union Minister of State for Rural Development, Dr. Pemmasani Chandrasekhar, on Thursday inaugurated the newly constructed Head post office building in Razole, aimed at providing enhanced services to Razole and the surrounding rural areas. Amalapuram MP Ganti Harish Madhur, was also present at the occasion. The newly constructed HPO building has been developed at a cost of ₹2 crore. The Union Minister also virtually inaugurated the Peddapuram post office building under Kakinada Division constructed at a cost of ₹1.78 crores. Addressing a public meeting at Mangena Gangayya Kalyana Mandapam, Mr Chandrasekhar said, 'India has two PMs — one is our Prime Minister Narendra Modi, and the other is the 'postman' in every village who ensures services reach the last mile.' He emphasised the rapid modernisation within India Post including real-time SMS alerts on article bookings and delivery, robust article tracking systems, and improved technological infrastructure to compete with private service providers in the market. Over the past year alone, ₹5,000 crores has been invested in modernising post offices. Mobile phones, biometric devices, and thermal printers have been distributed to 1.4 lakh postmen, transforming each into a 'Mobile ATM', he said. He added that the India Post plays a significant role in Direct Benefit Transfers (DBT) and added that of the ₹10,000 crore released under the 'Thalliki Vandhanam' scheme, ₹1,500 crore was distributed through post offices in Andhra Pradesh. He encouraged citizens to utilise postal savings and insurance services, which start with as little as ₹100, offering secure, trustworthy financial options for all. Mr. Chandrasekhar highlighted the 'Sukanya Samriddhi' scheme describing it as a vital initiative aimed at securing the future of the girl child through long-term financial savings. Mr Harish Madhur noted that post offices are no longer limited to just delivering letters — they are multifunctional service points.
News18
17-07-2025
- Business
- News18
Post Office FD Scheme 2025: Interest Rates, Features And How To Invest
Last Updated: It is suitable for people who are not willing to take risks, such as housewives and senior citizens. The Post Office Fixed Deposit (FD) Scheme is considered one of the safest investment options, as it is backed by the Government of India. In an environment of frequent market fluctuations, many investors seek stability and assurance, making this scheme an attractive choice for those looking for guaranteed returns with minimal risk. What Is Post Office FD Scheme? It is a scheme offered by the India Post, where investors deposit a lump sum amount for a fixed period of time and earn interest at a guaranteed rate. It is suitable for people who are not willing to take risks, such as housewives and senior citizens. Post Office FD Scheme Repayment Tenure You can choose a deposit tenure of 1, 2, 3, or 5 years, as per your preference. Post Office FD Scheme Interest Rate The Post Office Fixed Deposit (FD) Scheme offers competitive interest rates that vary based on the tenure of the deposit. The interest rate starts at 4% per annum, with a 1-year deposit earning 6.9%, a 2-year deposit offering 7.0%, a 3-year deposit providing 7.1%, and a 5-year deposit yielding the highest return at 7.5% per annum. These government-backed rates make the scheme an attractive and secure investment option, particularly for individuals seeking steady returns without market-related risks. The minimum deposit amount is Rs 1,000, and there is no maximum limit. How to open a Post Office FD Account? You can do it either offline at a nearby post office or online. Go to the Post Office branch. Collect the 'Post Office Time Deposit Account" form. Fill in the details such as name, address, contact number, deposit amount, tenure, and mode of payment. Submit the document such as ID proof, Address proof and passport size photo. Deposit the amount via cash or cheque. You can also choose the savings account transfer option if you already have a post office savings account. You will then receive an acknowledgement receipt and a time deposit certificate. Online method: Visit the official website of the Indian Post. Click on the Open TD Account. Select the amount to invest, deposit tenure and mode of debit. Verify details and submit. Your FD account will be created instantly. After this, you will receive a confirmation receipt online. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
17-07-2025
- General
- Hans India
World Snake Day celebrated with conservation awareness, philately initiative
Bengaluru: In a joint effort to raise awareness about snake conservation, the Bannerghatta Biological Park, along with India Post, Kalinga Foundation, Wildlife Rescue and Rehabilitation Centre (W.R.R.C.), RoundGlass Sustain, and other partner organisations, observed World Snake Day on Tuesday with a series of educational and outreach activities. The event combined environmental education with philately to connect with a younger audience. Priyanka Swamy from Kalinga Foundation and WRRC. staff held interactive awareness sessions with children, educating them about the ecological role of snakes, the threats they face, and the need to protect them. These sessions aimed to replace fear with understanding and promote scientific thinking. A set of specially designed postcards featuring snake-themed illustrations were released on the occasion by senior officials — Sandesh Mahadevappa, A.V. Surya Sen, and Kajol Ajit Patil. The postcards are part of a creative initiative to engage the public on wildlife issues through philatelic outreach. Over 300 students from five institutions — including BGS National Public School, AMC College, VV Puram Law College, Royal Public School, and Orchid International School — took part in the celebrations. The event emphasised the role of youth in species conservation and the importance of education in shaping future ecological stewards. The organisers noted that urban areas like Bengaluru face increasing human-snake interactions due to habitat fragmentation. Educating children and the public about safe and respectful coexistence with reptiles is seen as a critical step toward reducing conflict and conserving biodiversity.
