How does Postal Service facilitate business transactions?
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Explanation:
The Postal services facilitates business in a major way. It mobilizes savings by accepting small deposits and bring about financial inclusion by offering attractive and safe investment options.
Various postal schemes like Saving accounts, Recurring deposit, PPF, Kisan Vikas Patra etc are designed to meet every citizen`s need. The Postal service also renders services like Money remittance schemes which helps in promoting business in the economy.
The huge infrastructure postal service also generates new scope for revenue through customized business solutions such as Express parcel, Business parcel, Logistics post etc.
Hope this helps.
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