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38 Crore Post Office Savings Accounts Show Public Trust: Scindia

Union Minister Jyotiraditya Scindia announced that over 38 crore savings accounts are operational in post offices across India, holding deposits of nearly Rs 22 lakh crore. He highlighted the crucial role of Gramin Dak Sevaks in providing last-mile connectivity and financial services in rural areas. Scindia stated that India Post is undergoing modernisation, including digital tracking and electric vehicles, to enhance its logistics and parcel delivery capabilities driven by e-commerce growth. The minister emphasized that the postal network remains a trusted institution for expanding banking access, especially in remote and underserved regions.

Key Points: 38 Crore Post Office Savings Accounts Opened in India

  • 38 crore Post Office Savings Bank accounts
  • Deposits worth nearly Rs 22 lakh crore
  • Network of over 1.65 lakh post offices
  • Modernisation for e-commerce logistics
  • Gramin Dak Sevaks key for last-mile delivery
2 min read

Over 38 crore savings accounts opened in post offices across India: Jyotiraditya Scindia

Union Minister Jyotiraditya Scindia reveals over 38 crore savings accounts with Rs 22 lakh crore deposits in India Post, highlighting financial inclusion.

"Gramin Dak Sevaks play a crucial role in connecting rural communities - Jyotiraditya Scindia"

Hyderabad, Feb 22

Union Communications Minister Jyotiraditya Scindia on Sunday said public trust in India Post remains strong, with more than 38 crore savings accounts currently being operated through post offices across the country.

Addressing a conference of over 9,000 Gramin Dak Sevaks (GDS) in Andhra Pradesh's Guntur district, attended by Chief Minister N. Chandrababu Naidu, the Minister highlighted the role of postal workers in strengthening financial inclusion and last-mile connectivity.

Scindia said Gramin Dak Sevaks play a crucial role in connecting rural communities and delivering essential communication and financial services.

He described the Gramin Dak Sevaks as an important link between the government and rural citizens, helping extend services to remote and underserved areas across the country.

Highlighting the scale of India Post's financial network, the Minister said more than 38 crore Post Office Savings Bank accounts are currently operational, with deposits amounting to nearly Rs 22 lakh crore.

He said the postal network continues to play a significant role in expanding access to banking and financial services, particularly in rural and semi-urban regions.

Scindia said India Post is undergoing modernisation to strengthen its logistics and parcel delivery capabilities in response to growing demand driven by e-commerce, MSMEs, and agricultural exports.

He noted that India Post, with its network of over 1.65 lakh post offices, has one of the widest service reaches in the country and remains a key institution for last-mile delivery.

The Minister said efforts are underway to improve efficiency through technology adoption, including digital tracking systems, modern parcel hubs, improved routing, and deployment of electric vehicles.

He said these measures are aimed at transforming India Post into a modern, technology-driven logistics and distribution network while retaining its core strength of human connection.

Scindia also emphasised the importance of the Gramin Dak Sevaks in maintaining trust and ensuring service delivery across diverse and geographically challenging regions.

He said their contribution continues to strengthen the postal system and support financial inclusion initiatives nationwide.

- IANS

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Reader Comments

P
Priya S
38 crore accounts and Rs 22 lakh crore in deposits is a massive number! It shows how crucial India Post is for financial inclusion, especially for senior citizens and people in rural areas who may not be tech-savvy. The human touch matters.
R
Rahul R
While the numbers are impressive, I hope the modernization includes better service. The post office in my town still takes a very long time for simple transactions. The infrastructure needs an urgent upgrade to match the trust people have.
M
Meera T
The Gramin Dak Sevaks are the real heroes here. My uncle is one in Odisha. He walks kilometers in tough terrain to deliver pensions and letters. They truly are the last-mile connection for the government. Their contribution is invaluable.
D
David E
As someone who has worked in microfinance, this is a brilliant case study. Leveraging an existing, trusted network of 1.65 lakh offices for banking is far more effective than building new branches from scratch. Other countries should take note.
A
Anjali F
Good to hear about electric vehicles and digital tracking! India Post delivering for e-commerce is a game-changer for small sellers in tier-2 and tier-3 cities. Affordable logistics can boost local businesses tremendously. Hope it happens fast!

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