The department has collected Rs. 157.699.11 million through saving accounts services while Rs. 29.384.505 million under saving certificates, official sources told APP.
They said Pakistan Post is offering services of Saving Bank Ordinary Accounts, Special Savings Accounts, Defence Savings Certificates, Special Saving Certificates and Regular Income Certificates.
They informed that Rs. 8,647.899 million were collected under Saving Bank Ordinary Accounts, Rs. 1363.868 million under Army Saving Bank Accounts, Rs. 190.348 million Pakistan Air Force Saving Bank Accounts and Rs. 141.737 million Navy Saving Bank Accounts.
While in saving certificates, Rs. 26.276.14 million were collected under Defence Savings Certificates, Rs. 1,103.635 million under Special Saving Certificates and Rs. 2.005.021 million under Regular Income Certificates.
They stated that Pakistan Post is doing Saving Bank work as an Agent of Ministry of Finance on commission under Saving Bank Act, 1873, while saving certificates are issued under Post Office National Saving Certificate Act, 1917, and Post Office National Savings Certificates Ordinance 1944.
They informed that Pakistan Post Office Department has the biggest network for the collection of savings from the masses through more than 12,000 post offices, spreading all over the country.