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Banking Services

Identify the ...

Question

Identify the financial services provided by the post office savings banks in India?

A

Issue of national savings certificate

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B

Formulation of monetary policy

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C

Issuing Kisan Vikaspatra

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D

Money transfer

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Solution

The correct option is D Money transfer
Post office savings banks offer a variety of services like the issuance of national savings certificates, Kisan Vikaspatra, monthly recurring deposits, postal life insurance, pension payments, and money transfers.

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