Volume : 2, Issue : 11, NOV 2016

INVESTORS ATTITUDE TOWARDS POST OFFICE DEPOSIT SCHEME : A STUDY

Dr. Sudhansu Sekhar Nayak, Mr. Prasanta Mahapatra

Abstract

Post Office Savings Bank is the largest savings Institution in the country. Post Offices are doing Savings Bank work. With a view to mobilizing savings of people with relatively small income and circulating in them a spirit of thrift, the Central Government has endeavored to make the National Savings Movement popular by offering higher returns than those given by Scheduled Banks. There are a number of attractive schemes, well designed to meet the individual's requirements of different investors. Tax saving feature of these schemes at¬tract the higher income group more than the small savers. The investment avenues provided by the Post Offices are generally non marketable as they are saving media. The major instruments of Post Office Schemes enjoy tax ben¬efits such as exemption of investment contribution from tax or interest income from tax or both up to certain limits.

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