IJIRST (International Journal for Innovative Research in Science & Technology)ISSN (online) : 2349-6010

 International Journal for Innovative Research in Science & Technology

A Research Report on the Working of United States Postal Service, India & International Postal Service


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International Journal for Innovative Research in Science & Technology
Volume 6 Issue - 5
Year of Publication : 2019
Authors : V. S. P. Vamsi

BibTeX:

@article{IJIRSTV6I5002,
     title={A Research Report on the Working of United States Postal Service, India & International Postal Service},
     author={V. S. P. Vamsi},
     journal={International Journal for Innovative Research in Science & Technology},
     volume={6},
     number={5},
     pages={5--18},
     year={},
     url={http://www.ijirst.org/articles/IJIRSTV6I5002.pdf},
     publisher={IJIRST (International Journal for Innovative Research in Science & Technology)},
}



Abstract:

Post offices offer mail-related services such as acceptance of letters and parcels; provision of post office boxes; and sale of postage stamps, packaging, and stationery. Today the governments of many countries use their postal systems to provide a range of services that often have no direct connection with the traditional function of exchanging letters. Assured and speedy delivery of goods by the Postman is possible with the help of speed post service. To provide for the collection, transport, and delivery of letters throughout a country, it has been necessary to establish a network of post offices extending into the remotest areas. The post office provides postal and non-postal services. For more than 150 years post office has been the backbone of country. Over the time the role of post office has been grown to provide the best investment avenue options to the investors with a very nominal amount on opening account. It plays a significant role in developing economy. Financial inclusion has been the key element of developing society and socio-economic development. The role of post office is very important in developing the economy by providing various services to all the sections of the society. The services offered by Indian Post are as per the requirement of the customers. It serves to both rural as well as urban clientele. The financial services offered by post offices includes saving schemes, postal life insurance, rural postal life insurance. The post office small savings schemes provides a secure, risk free, attractive, investment option for small investment and offers the saving products across 155000 post offices. POSB are the oldest savings bank in India and the largest in banking system. The post office is universally recognised as facilitator of communication. The postal runs through all odds but discharge and perform all their duties. It is pioneer in retail services and provides a diverse range of services through wide networks. Mail order introduced in 1877 and 1880, it reached to doorstep of customers. Post Office Saving Bank was introduced its banking services in 1882 and in 1884 Postal Life Insurance was started for government employees.


Keywords:

Postal Service, USA, India, International


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