There s more to the postal facility than the little red post box. This product serves as a veritable shopping center of investment products. Not only do they offer returns comparable to other fixed income instruments, But are also solidly backed by government assurance the highest credit rating that gives you the ability to get in easy transferability, India. Flexibility, Tax benefits, Good returns, The post office delivers it all. Post office savings bank, Included in the union list vide item no. 39 of seventh schedule of the constitution of india. Various schemes framed by the central government under government savings bank act, 1873, Government savings certificates act, 1959, Public provident fund act, 1968introduced through, . Two non, Statutory schemes executive orders. Objective small savings schemes are tailored to provide safe & attractive investment options to the public and simultaneously with mobilise resources for development.