A Study on Awareness of Post Office Savings among Salaried Employees in Karnataka

Post office is one of the oldest organisations in India which started way back during the British era in Oct 1854, initially focusing only on delivering mail (post) and later started providing an array of other financial services i.e., banking, insurance, and Investments. One of the main advantages of these schemes is their sovereign guarantee ex, it is backed by Government of India. When it comes to investment view, there are several schemes available for individuals, salaried people, for daughter, and for senior citizen with high rate of interest with better return when we compare to private banks. Though these many schemes are available at a good return, many are unaware of these schemes and its benefits. Even it has so many benefits and advantages, it also has some of drawbacks which causes people not to opt for Post office schemes. If some of this required development is done for the benefits of the customers everyone will opt for the government schemes. So, the study outcomes why people are not opting for this schemes, benefits of this schemes, drawbacks and what are the ways to improve the standard of post office schemes which will be more helpful for people to opt these schemes.