Business Services-1 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-15 Marks
Question
Explain in brief various service of post Department
✓
Answer
Introduction :
For last $150$ years post department providing the services of communication.
Various services of post department has played vital role in department of trade and commerce.
Pressure of work of post department is reduced due to modern technology and invention of mobile phone and interest. Communication through post is reduced.
The importance of post department is still maintained because other than this , it provides may services.
Various Services of post Department : They are noted as below :
Ordinary post
Registered post
Parcel Service
Speed post parcel
Express parcel
Savings Services
Recurring Deposit Scheme
Time Deposit Scheme
National Saving Certificates
Kisan vikas patraa
Public provident Fund
Postal Insurance
Monthly Income Scheme
Money Order
Other Ancillaries Services
Orsinary post :
Communications is carried through post card or inland letter.
Registered post :
with the signature of the person whom the post is addressed to, the acknowledgment is received as proof. It is called registered post for extra amount is paid.
Parcel services :
Sender of the parcel pays fees to the post office and seeds parcel from one place to another .It can be insured also.
Post department recovers the value of the content and charges from the receiver of the parcel and then after delivers the parcel.
It is called value payable post $(V.P.P. )$
Speed post / parcel :
In India from specific place within specific time post or parcel is delivered through post department .
Extra money is to be paid for r this.
Express parcel :
Services to send parcel by post department very fast is called express parcel service. For this purpose post department uses air service and other speedy media and for this money is paid. It can be insured too.
Savings services : :
Like bank savings accounts are opened in post – offices too, For this Facility of cheque book and $ATM$ card is avail.
Recurring Deposit Scheme :
The time duration of this scheme is $5$ years.
Depositors ahs to deposit fixed date of every month regularly .After $5$ years accounts holder gets amount with interest.
Time Deposit Scheme :
In post office for $1,2,3,$ or $5$ years $D$ $200$ or any amount in multiplication of it can be deposited for fixed period and at the end of time limit account holder receiver the amount with interest.
This account can be closed even before maturity .
National Saving Certificates :
$5$ or $10$ years national saving certificates of $D$ $1,000$ or in its multiplication are bought from post office and on its maturity amount with interest can be obtained from ant post office.
Kisan Vikas patra :
Bought from any post office, double amount of kisan Vikas patra after $100$ months means after $8$ years and four months can be obtained with interest from any post office by presenting them.
Public [provident Fund :
It $I$ known as $P.P.F.$ period of this account is $15$ years.
Every year minimum premium subscription is $D$ $500$. Amount deposited in this account is deducted from Income tax.
At present maximum amount $D$ $1,50,000$ can be subscribed in this account.
Postal Life Insurance :
The benefit of this scheme is avail to only government and similes and bonus and is higher than other insurance policy.
Money Order ?:
Money can be sent from one place to another through post – office.
It is known as money order. Post office ha started through online technology from $D$ $1,000$ to $D$ $50,000$ are sent which is called Instant Money Order $(IMO )$. Besides this $E$- Money order service is started to send $D$ $1$ up to $D$ $5,000$ This service is provided by certain fixed post office. For money order commission is paid to post office.
Monthly Income Scheme :
It is known as MIS. Account can be opened for years in single or joint nemes. Every month the insurance policy .
$1, 8, 13$ Other Ancillaries Services :
In the current time other ancillaries services are provide by post office. Services like purchase and sale of foreign currency, travellers’ cheque and debit card in foreign currency , draft in foreign currency , investment in mutual fund.
Payment of pension to pensioners railway booking, payment of electricity bill and functioning as government agents for various services .
Conclusion :
Service of post Department are of great importance because post Department not only provide service of communication but also provides services to be helpful to government and non – government employees and trade and commerce.
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