{"id":29971,"date":"2018-10-26T13:16:05","date_gmt":"2018-10-26T07:46:05","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29971"},"modified":"2018-10-26T13:16:05","modified_gmt":"2018-10-26T07:46:05","slug":"frdi-bill-banks-loss-is-postal-dept-s-gain","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/frdi-bill-banks-loss-is-postal-dept-s-gain\/","title":{"rendered":"FRDI Bill: Banks\u2019 loss is Postal dept.\u2019s gain?"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.thehindu.com\/todays-paper\/frdi-bill-banks-loss-is-postal-depts-gain\/article23534280.ece\">FRDI Bill: Banks\u2019 loss is Postal dept.\u2019s gain?<\/a><\/strong><\/p>\n<p><strong>What has happened?<\/strong><\/p>\n<p>The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, seems to have a positive impact on the Postal department, if the increase in the total deposits in post offices across the Andhra Pradesh Circle in the last two years is any indication.<\/p>\n<p><strong>Switching to Postal service<\/strong><\/p>\n<p>People are apparently switching over to Postal service from commercial banks fearing flight of their savings<\/p>\n<p><strong>Rise in net deposits<\/strong><\/p>\n<ul>\n<li>The total deposits touched Rs. 16,132.28 crore in 2017-18 against Rs. 14,947.24 crore in 2015-16 financial year<\/li>\n<li>The net deposits stood at Rs. 2031.78 crore in the last fiscal compared with Rs. 507.13 crore in 2015-16<\/li>\n<\/ul>\n<p><strong>Rise in new accounts in Postal offices<\/strong><\/p>\n<p>The number of accounts being opened in the post offices has also increased considerably<\/p>\n<p>Five lakh accounts were opened during 2017-18 financial year alone<\/p>\n<p><strong>FRDI bill one of the factors<\/strong><\/p>\n<p>Though the Postal department did not study the reasons for the \u2018impressive growth\u2019, senior officials, in private, say that the FRDI Bill is one of the factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRDI Bill: Banks\u2019 loss is Postal dept.\u2019s gain? What has happened? The Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, seems to have a positive impact on the Postal department, if the increase in the total deposits in post offices across the Andhra Pradesh Circle in the last two years is any indication. Switching to&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/frdi-bill-banks-loss-is-postal-dept-s-gain\/\">Continue reading <span class=\"screen-reader-text\">FRDI Bill: Banks\u2019 loss is Postal dept.\u2019s gain?<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-29971","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704780435},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=29971"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/29971\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=29971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=29971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=29971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}