Post office savings and its relevance in  rural areas [with reference to madukkarai  block, coimbatore district]

Mrs. K. Parimala Kanthi; Dr. M. Ashok Kumar

Volume : II, Issue : I, January - 2013

Post office savings and its relevance in rural areas [with reference to madukkarai block, coimbatore district]

Mrs. K. Parimala Kanthi, Dr. M. Ashok Kumar

Abstract :

Various investment opportunities are available for an individual to his savings and he can choose the appropriate investment schemes, which suit his needs. The different types of investments are provided by many financial institutions like commercial banks, co-operative banks, post office saving banks, life insurance corporations, public limited companies etc.,. Of all the above mentioned institutions, Post Office Saving Bank play vital role. The present study has made to study the investment awareness, preferences , experiences, satisfaction, objectives and purpose of the investors on post office saving schemes in Madukkarai Block, Coimbatore . The primary data was collected purely on random basis from 200sample respondents. The study found that majority of the investors are aware of all the post office saving schemes, preferred post office saving account, the main objectives of the investors are regular return, Children education and marriage are the main purpose, and only a very few investors are dissatisfied with post office saving schemes.