New Delhi: The General Post Office (GPO), New Delhi, organised an awareness programme on Post Office Savings Bank (POSB) and Postal Life Insurance (PLI) schemes for officers and officials of the Jammu and Kashmir Resident Commission in New Delhi on Thursday.
The programme aimed to familiarise employees with various government-backed savings and insurance products and promote informed financial planning.
A team from the GPO, headed by Assistant Director Aparna Shandilya, delivered a presentation outlining the features, benefits, eligibility conditions and investment options available under different postal savings and insurance schemes.
The participants were briefed on a range of Post Office Savings Bank schemes, including Savings Accounts, Recurring Deposits (RD), Time Deposits (TD), Monthly Income Scheme (MIS), Senior Citizens Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), National Savings Certificate (NSC) and Kisan Vikas Patra (KVP).
The presentation covered prevailing interest rates, investment periods, financial security benefits and applicable tax incentives under these schemes. The team also explained the Speed Post Book Now Pay Later (BNPL) service and its features.
A detailed overview of Postal Life Insurance was also provided, with emphasis on its premium structure, bonus benefits, insurance coverage and eligibility criteria for different categories of employees and professionals.
The GPO team explained various PLI plans, including Suraksha, Santosh, Sumangal, Suvidha and Yugal Suraksha. Participants were also informed about policy loan facilities and applicable tax benefits under the Income-tax Act.
The programme included an interactive session during which officers and officials sought clarifications from the GPO representatives on savings options, insurance coverage, long-term financial planning and investment opportunities.
The initiative was organised to improve financial awareness among Resident Commission employees and familiarise them with savings and life insurance instruments offered by the Department of Posts.
