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Topic: Post Office Savings Bank


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In the News (Fri 10 Jul 09)

  
  Savings Banks - LoveToKnow 1911
By that of 1828 the barrister appointed to certify the rules of the savings banks was made umpire in case of difference of opinion between the arbitrators.
The establishment of penny banks in schools has been carried on for many years, and it is difficult to exaggerate the useful work they have done in inculcating habits of thrift in the children, and in adding depositors to the Post Office savings banks when the children start in life.
The trustees of any savings bank may invest the moneys deposited therein and the income derived therefrom as follows: (I) In the stocks or bonds or interest-bearing notes or obligations of the United States, or those for which the faith of the United States is pledged, including the bonds of the District of Columbia.
www.1911encyclopedia.org /Savings_Banks   (6293 words)

  
 Central Bank of Lesotho - Lesotho Post Bank
Preparations are underway for the Government of Lesotho to establish post office savings bank.
Ten post offices are being earmarked for the project....
The report was to serve as a basis for enabling the Director to make a plan for the refurbishment of the Post Offices which have been selected to participate in the pilot phase.
www.centralbank.org.ls /projects/post_bank.htm   (368 words)

  
  FSF: History of Postbank   (Site not responding. Last check: 2007-10-30)
The Post Office savings bank was popular with investors, owing chiefly to the simplicity with which transactions could be effected (withdrawals could be made at any post office, irrespective of the place where the money had originally been deposited).
At the outset the savings bank was under the control of the Treasury, and branches were conducted principally by resident magistrates.
In 1993, the Post Office Savings Bank was renamed Postbank and took on a new image and a keen focus on becoming an important player in the provision of banking facilities to the previously unbanked communities in South Africa.
www.finforum.co.za /institut/1pobhist.htm   (747 words)

  
 Light Straw's GPO Pages   (Site not responding. Last check: 2007-10-30)
At the turn of the 21st century, the Post Office, with slogans such as 'Think of a Letter', reminded us that the early days of the organisation can be traced back to the middle of the nineteenth century when the mail service was just beginning.
Throughout the 1960s, the Post Office was still a government department, part of the Civil Service, but on 1st October 1969 it became a public corporation (nationalised industry).
In 2006, Post Office Ltd is the current trading name for the counter services which are still a part of everyday life...
www.lightstraw.co.uk /gpo/index.html   (1369 words)

  
 Bank deposits versus post office savings
A post office recurring deposit account (RDA) is similar to a recurring deposit in a bank, where you can invest a fixed amount on a monthly basis.
However, the disadvantage with post office savings is that that in the age of convenience banking, you will have to visit the post office every month.
Just like banks' fixed deposits (FDs), post office time deposits are meant for those investors who want to deposit a lump sum for a fixed period.
www.rediff.com /money/2005/dec/15perfin.htm   (750 words)

  
 Finance - Post office savings - Post office Recurring Deposit Account- webindia123.com
The post office offers a fixed rate of interest unlike banks which constantly change their recurring deposit interest rates depending on their demand supply position.
As the post office is a department of the government of India, it is a safe investment.
The deposit can be made personally at the particular post office every month or can be made through an appointed agent, who would collect the money from you and enter the same in your passbook.
www.webindia123.com /finance/post/rda.htm   (569 words)

  
 Historical Encyclopedia of WA - WA Snapshots
The WAB survived the colonial government’s short-lived attempt to encourage working class thrift by opening a savings bank in 1855, as well as the establishment of the Post Office Savings Bank in 1863.
The Union Bank established a Perth branch during 1878, the Bank of New South Wales (BNSW) arrived in 1883, and the Commercial Bank established a presence in 1888.
In the post World War II era Clive Wilderspin became a household name in Western Australia, as did Margaret Court (Smith) who had moved to the State after the divide between amateur and professional tennis was broken in 1968.
www.encyclopedia.uwapress.uwa.edu.au /wa_snapshots   (9969 words)

  
 Post Office Savings Bank   (Site not responding. Last check: 2007-10-30)
On 1st October 1969, when the Post Office became a Corporation, the Savings Bank functions remained as part of the Exchequer and became National Savings.
The General Post Office (GPO), a Government Department headed by a Government Minister (the Postmaster General), had a monopoly in UK telecoms and postal services.
On 1st October, The Post Office Act 1969 established the GPO as a statutory corporation headed by a Chairman appointed by the Government.
lightstraw.co.uk /gpo/posb/index.html   (265 words)

  
 Austrian Post Office Savings Bank (Postsparkasse) by Otto Wagner
The bank is receptive to architectural visitors, and even offers a small exhibition about the history of the bank and the building.
The atrium and banking hall are open to the public, but not the rest of the building.
The bank is open from 8am to 3pm Monday to Friday, with late opening until 5.30pm on Thursday.
www.galinsky.com /buildings/wiensparkasse/index.html   (536 words)

  
 Savings
Registered Education Savings Plan A Registered Education Savings Plan or RESP is a savings account used by parents to sa...
Savings account A savings account is an account with a compound interest and is usually very little (i.e.
Washington Federal Savings Washington Federal Savings is the savings and loan subsidiary of Washington Federal, Inc., a...
www.brainyencyclopedia.com /topics/savings.html   (237 words)

  
 S.I. No. 64/1959: POST OFFICE SAVINGS BANK REGULATIONS, 1921 (AMENDMENT) REGULATIONS, 1959.
These Regulations may be cited as the Post Office Savings Bank Regulations, 1921 (Amendment) Regulations, 1959.
Before the passing of the Savings Banks Act, 1958, a depositor could have only one account in the Post Office Savings Bank or Trustee Savings Banks.
The Act removed this restriction and necessitated the amendment of the form of declaration prescribed in the Post Office Savings Bank Regulations, 1921, to be made by a depositor on opening an account.
www.irishstatutebook.ie /ZZSI64Y1959.html   (455 words)

  
 National Savings Bank - Sri Lanka
The In 1941, reins of the Post Office Savings Bank were handed over to a Board of Trustees comprising the Permanent Secretary to the Ministry of Posts, the Deputy Secretary to the Treasury and the Postmaster General.
Thus, the birth of the National Savings Bank into the banking system was engineered in 1972 by an Act of Parliament, keeping in line with the economic thinking of that period as a fully state owned institution.
Hence the National Savings Movement, Ceylon Savings Bank and the Savings Certificates Section of the Postmaster General's Department, came to be defunct.
www.nsb.lk /main_more.asp   (553 words)

  
 Directorate of Small Savings, Govt of Maharashtra welcomes you!   (Site not responding. Last check: 2007-10-30)
For the purpose of maximum balance, the depositor's share in the balance of joint account shall be taken as one half or one third of such balance depending on whether the account is held by two or three adults.
In case of death of a depositor, the interest in his Account shall be allowed till the end of the month preceding the month in which notice is issued to the person or persons recognized by the Post Office Savings Bank as entitled to receive the balance in the said account.
The Post Office Savings Account Scheme was issued vide MOF (DEA) Notification Number F.3/15/81-(NS)(ii) dated December 17, 1981 and further amended from time to time.
www.maha-ss.com /web/general/schemes/posa.php   (1474 words)

  
 S.I. No. 65/1980: POST OFFICE SAVINGS BANK (INTEREST ON DEPOSIT) REGULATIONS, 1980.
These Regulations may be cited as the Post Office Savings Bank (Interest on Deposits) Regulations, 1980.
The rate of interest on a deposit within the meaning of section 14 (1) of the Finance Act, 1948 (No. 12 of 1948), is hereby prescribed as eight and one half per cent per annum.
The Post Office Savings Bank (Interest on Deposits) Regulations, 1978 (S.I. No. 321 of 1978), are hereby revoked.
www.irishstatutebook.ie /ZZSI65Y1980.html   (238 words)

  
 India Post eyes role as bank
Raghavan is of the opinion that the marginal cost for the diversification into banking would be low because the department already had a vast infrastructure of over 155,000 post offices across the country.
The post office savings bank has over 160 million depositors and collects Rs 78,000 crore (Rs 780 billion) in deposits a year.
I appreciate the move by the India post and i feel it to be in right direction.
www.rediff.com /money/2004/oct/22post.htm   (638 words)

  
 Lots 925_996
POST OFFICE SAVINGS BANK: 20 Mar. 1846 env.
POST OFFICE SAVINGS BANK: 15 May 1954 Post card Abingdon to Oxford franked with 6d National Savings stamp (Princess Anne) used and accepted as postage plus 24 July 1974 env.
POST OFFICE EPHEMERA, ETC.: An interesting miscellany inc. 18th Century postal token of the "Swan with two necks" (Lad Lane), 1820's official way bill for forwarding with letter bundles, 1885 "Old London Street Cries" book (144pp, cover adrift), numerous cuttings from the ILN and the like, etc. (Small Qty.).
www.cavendish-auctions.com /sale590/590o_925_996.html   (3235 words)

  
 Happy Birthday America!!
The liberty of Americans was stolen in 1913 with the chartering of the private Federal Reserve Bank, the introduction of the Pope's slave Income Tax, and the passage of the 17th Amendment which allowed Senators to be directly elected to the Senate instead of appointed by the States as the Constitution mandated.
The question of how the money deposited in postal savings banks shall be invested is not free from difficulty, but I believe that a satisfactory provision for this purpose was inserted as an amendment to the bill considered by the Senate at its last session.
The U.S. Postal Savings Bank was discontinued in 1970 during the Presidency of Richard Nixon.
www.reformation.org /happy_birthday_america.html   (2714 words)

  
 POST OFFICE - THE POST OFFICE SAVINGS BANK - 1966 Encyclopaedia of New Zealand
The Post Office Savings Bank was set up in 1876 to give small investors a ready means of saving.
The Post Office Savings Bank was the first to give non-profit organisations interest-bearing cheque accounts.
The Post Office, with its many branches, is well placed to do much work for other State Departments.
www.teara.govt.nz /1966/P/PostOffice/ThePostOfficeSavingsBank/en   (464 words)

  
 LARCENY - LoveToKnow Article on LARCENY   (Site not responding. Last check: 2007-10-30)
In two noteworthy cases the question was argued before a very f till court for crown cases reserved, and in each case there was a striking difference of opinion.
Middleton, 1873, L.R. 2 C.C.R., 38, the prisoner, a depositor in a post-office savings bank, received by the mistake of the clerk a larger sum that he was entitled to.
The only acts of Congress bearing on the subject deal with larceny in the army and navy, and with larceny and receiving on the high seas or in any place under the exclusive jurisdiction of the United States, e.g.
84.1911encyclopedia.org /L/LA/LARCENY.htm   (4557 words)

  
 Kenya Post Office Savings Bank - Kenya   (Site not responding. Last check: 2007-10-30)
Kenya Post Office Savings Bank is a state bank that began primarily to change socio-economic conditions.
The vision of the bank is to become a market leader in offering affordable, market-driven microfinance services in Kenya.
Bank for Agriculture and Agricultural Cooperatives - Thailand
www.swwb.org /English/1000/address/gnbi/add_gnbi_kenya.htm   (122 words)

  
 Post Office Savings Bank - Otto Wagner - Great Buildings Online
"Wagner's Post Office Bank was won in competition in 1903 and erected in two stages, 1904-06 and 1910-12.
The Hall roof, completed as part of the first stage in 1906, was a major innovation although only a small part of the vast project.
We appreciate your suggestions for links about Post Office Savings Bank.
www.greatbuildings.com /buildings/Post_Office_Savings_Bank.html   (215 words)

  
 Post office savings bank From Moneyspotting.co.uk   (Site not responding. Last check: 2007-10-30)
Internet-only bank accounts tend to offer better interest rates than high-street banks and the added benefits of instant-money management make it the way forward.
Saving account, Base rate tracker provided by Norwich Union UK Insurance Office and Surgery Insurancesurplus cash sitting in a bank or building society depositUnion Base Rate Tracker Savings Account, provided by Bank of Scotland, has an interestguarantee to help your savings grow.
Existing An easy access savings account with an interest Base Rate Tracker savings account interest ratesto be within 1% of the Bank of England Base Ratestatements to see how your savings are growing.
www.moneyspotting.co.uk /uk-search/Bank/post_office_savings_bank   (687 words)

  
 National Savings & Investments - Our story
The scheme quickly became very popular, and the deposits found their way from the Post Office to the Exchequer, providing a fund which the then Chancellor, Gladstone, could borrow for putting towards public spending.
Over the years National Savings developed its range of savings and investments to suit the market and meet the needs of customers and the UK Government's need for funding.
While the Post Office will continue to be a major distribution channel, customers now have greater choice of access - more products can now be bought over the telephone and via our web site.
www.nsandi.com /about/ourstory.jsp   (822 words)

  
 SAPO: The South African Post Office
The South African Post Office is proud to partner with Multichoice in offering the general public the opportunity to buy Phuthuma Nathi shares.
The South African Post Office and Communication Workers Union (CWU) made history when their respective leaderships signed the annual wage increase document on 14 July 2006.
Post Office Savings Bank for people like you.
www.sapo.co.za   (234 words)

  
 AllRefer.com - Singapore - Forced Savings and Capital Formation | Singaporean Information Resource
Singapore's much-vaunted savings rate--and much of the funding for development, particularly public housing--resulted in large measure from mandatory contributions to the Central Provident Fund, as well as voluntary deposits in the Post Office Savings Bank.
Part of the rationale for the latter was to allow Singaporeans to diversify their savings and to gain experience in financial decision making.
Collectively, the Central Provident Fund savings assured the government of an enormous, relatively cheap "piggy bank" for funding public-sector development; the savings also served as a mechanism for curtailing private consumption, thereby limiting inflation.
reference.allrefer.com /country-guide-study/singapore/singapore73.html   (802 words)

  
 Post Office Savings Bank (Postatakarekpenztar)- Budapest, Hungary - VirtualTourist.com
Post Office Savings Bank (Postatakarekpenztar)- Budapest, Hungary - VirtualTourist.com
The facade of the Post Savings Bank, the roof construction with its majolica ornamentation, and the design of the staircase and halls present a homogenous picture to the last detail, even after major reconstruction of the interior.
Tenders were invited for its headquarters in 1900, and the building was finished a year and a half later in late 1901, becoming one of the most valued works of the founder of the Hungarian secession style.
www.virtualtourist.com /travel/Europe/Hungary/Budapest_Fovaros/Budapest-436839/Things_To_Do-Budapest-Post_Office_Savings_Bank_Postatakarekpenztar-BR-1.html   (528 words)

  
 Post Office Savings Banks, 1861, London, England, UK   (Site not responding. Last check: 2007-10-30)
All post offices, especially used as places of deposit, will be appointed by the Postmaster General, whether money-order offices or not.
If at a post office (not a money-order office); on the days and at hours directed by the Postmaster General.
When the total in the name of a depositor reaches £150, no further amount will be received, but the interest will be paid to him or her, or it will be allowed to accumulate until the total reaches £200, when interest will cease altogether, unless a portion is withdrawn.
www.londonancestor.com /charity/loans/post-office-savings-banks.htm   (618 words)

  
 OUR NATION'S FIRST CAPITAL - Money Order Post Office and Savings Bank   (Site not responding. Last check: 2007-10-30)
From 1917 the Federal Works office was situated in renovated rooms in the Old Money Order Office on the north side of Little Bourke Street.
The Lands and Survey Branch of the Department of Home and Territories and the telegraphic accounts section of the Melbourne General Post Office also occupied the building.
The Money Order Post Office and Savings Bank was built in 1890 to relieve overcrowding at the General Post Office around the corner in Elizabeth Street.
www.prov.vic.gov.au /exhibs/ournation/f_mp.htm   (248 words)

  
 1876-09- 1 "Post Office Savings Leaflet. Post Office Savings Banks, Life Insurance, and Annuities.
Post Office Savings Banks, Life Insurance, and Annuities.
The Postmaster-General desires to call your attention to the advantages offered by the Post Office:- 1st.-For investing Savings and small sums of money, with Government security for repayment.
There is a Post Office Savings Bank in every town and in most villages, and at most Savings Banks there is an Insurance and Annuity Office.
www.immediateannuities.com /annuitymuseum/britishpostofficeannuities/britishpostdocuments/40300.html   (347 words)

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