Today, a post office is not limited to transact simple mails only. It has become a big business icon in corporate world. It is dealing with a number of postal & financial services like e-post, e-billing, retail post, logistic post, media post, mutual funds, western money transfer etc. Post offices have been selling mobile phone recharge cards, admission forms for UPSC and distributing milk coupons for a long time. But now the department will launch a platform that will enable retailing of a range of around 200 standardised branded products, like pressure cooker, mixer-grinder and even furniture.
.Companies like State Bank of India Mutual Fund (SBIMF), UTI and ICICI have tied up with the postal department to enable investors to make their investments through post offices. The department has also begun selling insurance products for Oriental Insurance and processing loans for GE Countrywide. Even Indian banks have found an unlikely ally in India Post. Faced with fulfilling Reserve Bank of India's priority lending guidelines- which state that at least 40 per cent of funds should be lent to the rural sector-banks will now use India Post's network to reach the rural consumer
Couriers and Cargo services are available across the country, mostly in urban areas. While large items like furniture, accessories and vehicles are sent by regular land, sea and air letters, documents or smaller parcels are best sent through a courier agency. This may be little expensive but are mostly reliable and safe. Some of the major international courier agencies like United Parcel Service (UPS India), Federal Express (Fedex), DHL and Worldwide Express have widespread network all over India and abroad.
Courier firms specializing in same-day delivery provide an invaluable service because the "big five" (Aramex, DHL, FedEx, TNT N.V., and UPS) in the delivery business simply do not provide same-day delivery services uniquely designed to meet specific individual customer needs. Expedited delivery firms also prevent the big five from having a complete monopoly on deliveries that must be completed in a short period of time. This competition, both among couriers and with the big five, has greatly increased the quality and professionalism of the industry, while also ensuring reasonable rates for customers. These 7,000 plus small businesses also help to keep the pricing competitive and the big five honest. Additionally, the courier industry consists almost entirely of small, locally owned and operated businesses, ensuring that revenue is retained within the community served, rather than siphoned off by a multi-national corporation.
Indian postal service provide many facilities like- general or registered mail, parcel post, speed post, greeting post, express post, media post, e post and special courier service known as EMS-speed post. It also provides us with various financial services like international money transfer, instant money order service, money order, mutual funds. Various post office savings schemes like National Savings Certificate, Kisan Vikas Patra, Recurring Deposits and Term Deposits are also available.
Postal facilities can be classified into two types:
• FINANCIAL FACILITIES
• MAIL FACILITIES
1. Speed Post
2. Speed Post Passport Service
3. Business Post
4. Total Mailing Solutions
5. Customized Pre-paid Envelopes
6. Express Parcel Post
7. Media Post
8. Greeting Post
9. Data Post
10. E-Bill Post
The high speed express service for letters and documents. Speed Post links more than 1200 towns in India, with 290 Speed Post Centres in the national network and around 1000 Speed Post Centres in the state network. For regular users, Speed Post provides delivery ‘anywhere in India’ under contractual service. Speed Post offers a money-back guarantee, under which the Speed Post fee will be refunded if the...