|Statement||James H. Callanan.|
|Contributions||YA Pamphlet Collection (Library of Congress)|
|LC Classifications||YA 15014|
|The Physical Object|
|Pagination||15 p. ;|
|Number of Pages||15|
|LC Control Number||96188536|
Vintage rare collectible s /s Post Office Savings Bank book money box Metal London Trustee Savings Bank TSB Right Road TriMedvedia 5 out of 5 stars () $ Favorite. And, says Feddis, passbook savings accounts that require withdrawals in person with the book in hand can be a good way for account holders to keep their hands out of the cookie jar. I have just been given the book for a savings account which my parents set up some 25 years ago but has been dormant for some time now. It is an 'Investment account' with the 'national savings bank' - it was done through the post office. The local office looked at me although I had 3 heads so I am unsure how to proceed! The law establishing the Postal Savings System directed the Post Office Department to redeposit most of the money in the system in local banks, where it earned percent interest. The Postal Savings System paid 2 percent interest per year on deposits. The half percent difference in File Size: KB.
By the s, with American banks fully recovered and more accepting of consumer deposits, the Postal Savings System was seen as redundant. The government passed legislation requiring it to stop accepting deposits on July 1, , and to transfer remaining deposits (approximately $50 million) to a claims fund of the United States Treasury. Cheque books are issued in respect of Post Office Savings Account. Minimum balance to be maintained in respective Post Office Savings Account should be Rs. What are the service charges for outstations Cheque? This book (i) explains the benefits of postal savings, (ii) presents strategies ranging from a simple model of postal savings to full-fledged banking services, (iii) assesses national regulations. Do not respond to any popups, email, SMS or phone call seeking your personal information such as username, password(s), mobile number, ATM Card details, etc.