Tuesday, December 15, 2009

Speed Post Services

7:37 AM Posted by Unknown No comments
                   The Department of posts has introduced One India One Rate of Rs.25/- per article in respect of Speed Post articles weighing upto 50 gms, which includes service tax and education cess with effect from June 11, 2007. The rate for local Speed Post article weighing upto 50gms, however, is Rs.12/- only per article inclusive of service tax and education cess.


  Foreign Exchange Services
         
        Department of Posts has tied up with HDFC Bank Ltd to provide foreign exchange service in select Post Offices across the country. Department of Posts has been given ‘Full Fledged Money Changer’s License’ by Reserve Bank of India under Foreign Exchange Management Act 1999 to undertake money changing business. Based on the license, Department of Posts is providing foreign exchange services through 122 Post Offices across the country.


           Expansion of Foreign Exchange services is an ongoing process and it is based on the approval from RBI, customer demand and other business requirements.
source:PIB

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