Gyan Management

Post Office Saving Schemes in India: An Empirical Analysis of Growth Trends

Amandeep Kaur¹, Parmod Kumar Aggarwal² and Balbir Singh³

First Published 6 Jan 2026. https://doi.org/10.1177/09747621251405937

Article Information

Corresponding Author:

Amandeep Kaur, Department of Commerce, Punjabi University, Patiala, Punjab 147002, India.
Email: amangoria17@gmail.com

¹Department of Commerce, Punjabi University, Patiala, Punjab, India

²Department of Economics, Punjabi University, Patiala, Punjab, India

³Desh Bhagat College Bardwal, Dhuri, Punjab, India

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (http://www.creativecommons.org/licenses/by-nc/4.0/) which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.

Abstract

The Post Office Savings Bank engaged in financial services as a trust provider, promoting financial stability and savings culture. This study aims to analyse the growth and trends recorded by postal saving schemes from 2001–2002 to 2021–2022, focusing on receipts and outstandings across seven saving schemes. Additionally, the researcher attempted to compare these savings schemes using a paired t-test to determine the difference in receipts, and the growth of savings schemes was also checked using the compounded annual growth rate. The results highlighted that the Public Provident Fund (PPF) recorded maximum growth, with Kisan Vikas Patra reporting the lowest in the case of receipts. The highest outstandings were recorded by the Senior Citizen Savings Scheme (SCSS), whereas Kisan Vikas Patra (KVP) shows the least. A neutral trend has been recorded across all the savings schemes. The comparison reveals significant differences in the saving account (SB), followed recurring deposit (RD) Account. Results suggest the preference of investors for PPF and SCSS accounts, while savings accounts and RD are found popular due to stable performance. The policymakers should revisit the design of KVP to make it more appealing and performing.

Keywords

Savings Scheme Analysis, Post Office Saving Account, Public Provident Fund, Outstandings and Receipts

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