Do anyone still go to post office?

Do anyone still go to post office? I think they are dying breed....

I dont.. Haven't heard anyone investing there from long.. heard about this type of investment when I was young...

I did visit post office few times. In villages they are still prominent.

not all villages have banks but many have post offices-so they still hold some significance in our economy.

guys you know wht....try finding out more about investments in post offices.they offer you a much attractive returns than banks...and sometimes even mutual funds...heard about MIS(monthly income schemes) 8% return...which you will recieve monthly and off course a bonus amount after completion of 6yrs...initially it was 10% now i guess its 5% on the principal.total returns or effective yield comes out to be close to 10.11%.if you have bulk money guess this is the best investment!!!!no comparisions with this..

then to add up post offices have KVP(kisan vikas patra) which i guess again has a interest rate of 9.50% lock in of again 6 and a half years i guess....which is again quite attractive....and if we compound it again the effective yield is i guess more than 10.50 %....

Thanks for the info Sid,

But I am having one concern with post offices-If I buy a KVP etc, retaining that document for six years is a challenge and after six years, signing in the same way as I signed six years ago is another challenge... they should give us online options soon....

Returns are good indeed-now I remember reading somewhere post offices are also allowed to invest a small part of savings in equities. If managed well that should give better returns.

yes tht might be a point....so always sign your full signature or another option is thumb impression thts the best way...if you are going for post office investments.....

Post offices should allow online solutions like banks...That can get better investment...

Post office has improved a lot, but the improvement is not seen by the people. The new Post office is not just related to some delivery of letters but today it is a financial house also. It provides a wide variety of products like MF, RD, Savings account (more interset than banks), Money transfer through Western union, MIS and many. Check out this link http://www.indiapost.gov.in/Banking.html for more information.