Tag: India

Indian Postal dept eyes 30% more from premium services

Posted by | May 30, 2002 | |

The Department of Posts hopes to earn Rs 586 crore from premium services during 2002-2003. In 2001-2002, the department achieved revenues of Rs 392.65 crore, a shade lower than the targeted revenue of Rs 400 crore.
According to informed sources, the Department of Posts’ aggregate revenue – including income from non-premium and non-value-added services – is expected to touch Rs 4,000 crore in the current fiscal, higher than the estimated Rs 3,400 crore earned in 2001-2002.

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India Post Office to retail govt bonds

Posted by | May 27, 2002 | |

AFTER small savings instruments, mutual fund products and bonds, now post offices are set to retail the Government securities (G-secs) through its countrywide network.
The Department of Posts and the Reserve Bank of India (RBI) have cleared a proposal from a leading primary dealer, IDBI Capital Market Services Ltd (ICMS) to offer G-secs from the secondary market to investors, through the network of the postal department. Investors having a demat account can buy the Government securities of maturities ranging from one to 25 years from the post offices by investing a minimum of Rs10,000 or in multiples.

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Postal authorities introduce innovative services

Posted by | May 11, 2002 | |

The Senior Superintendent of Post Offices, Y. Upendra, said the postal authorities have introduced certain innovative services to provide full customer satisfaction.
The speed post, introduced several years ago, has now been oriented to ensure that customers, using web site, knew the status of articles and kept track of the despatch position.The highlights of the express parcel post, benefiting the business community and industrialists regularly sending articles by surface transport, would have standardised delivery norms. Insurance facility had also been introduced.

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