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Why don't Post office raise interest rates as Banks are doing currently ?

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Money Talk India Finance Forum (MTIFF) :: Savings & Investment Talk :: Savings by Type :: Postal Savings

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Why don't Post office raise interest rates as Banks are doing currently ?

Post by vishwas.tp on Thu Jul 17 2008, 16:56

Why don't Post office raise interest rates as Banks are doing now currently?
Are Post office(Banking part) & Banks(Public & private) monitored by the RBI?

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Re: Why don't Post office raise interest rates as Banks are doing currently ?

Post by enidhi on Mon Jul 21 2008, 16:22

I think post offices are slow to respond... banks act much faster in both increasing and decreasing...

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Re: Why don't Post office raise interest rates as Banks are doing currently ?

Post by enidhi on Mon Jul 21 2008, 16:22

Also post offices doesn't have a competition like banks...

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Money Talk India Finance Forum (MTIFF) :: Savings & Investment Talk :: Savings by Type :: Postal Savings

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