Pakistan post has collected Rs 1,87,083.62 million through saving accounts and saving certificates during fiscal year 2014-15.
The department has collected Rs 1,57,699.11 million from saving accounts while Rs 29,384.51 million ha been collected through saving certificates. Pakistan post office is rendering savings bank services as an agent of ministry of finance on commission under Saving Bank Act, 1873, an official of Pakistan post told APP.
He informed that the department had biggest network for collection of savings from masses through more than 12,000 post offices spreading all over the country providing reliable and convenient banking facilities to people at large, in both urban and rural areas. The saving accounts services included saving bank ordinary accounts, special savings account, defence services certificates, special savings certificates and regular income certificates.
Giving details of collected revenue, he apprised that Rs 8,647.899 million collected from saving banks ordinary accounts, Rs 1,363.868 million from Army Saving Bank (SA) accounts, Rs 190.348 from Pakistan Air Force SB accounts, Rs 141.737 million from Navy SB accounts and Rs 147.302.430 million from special savings accounts till the end of last fiscal year. In savings certificates, Pakistan post collected Rs 26,276.140 million from Defence Saving Certificates (SC), Rs 1103.635 million from special SC and Rs 2,005.021 million from regular income certificates during this time span.