Post Office says many Mylaporeans with Savings Bank account are awaiting implementation of Budget announcements

As India Post focuses on its Savings Bank business and this is being promoted at Mylapore Post Office, officials say that many Mylaporeans who hold accounts here are keen to see the new announcements made in the Union Budget turn into reality soon.

Two schemes hold their interest.

One – the senior savings scheme where the amount one can deposit has been increased from Rs.15 lakhs to Rs.30 lakhs.  Seniors are also expecting a raise in the interest rate here.

The other is the Monthly Income Scheme, where the deposit amount is to be raised to Rs.9 lakhs for a single depositor.

“We get 15 to 20 calls daily from Mylaporeans keen to know when the schemes will be upgraded,” says post master Anuja.

She says the only hiccup that bank clients face is when demand for updating passbooks is high and the servers slow down.

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