Business News / Indians have become crazy about this post office's saving scheme - they are investing heavily

Business News: The importance of saving is increasing amid rising concerns of inflation. In such a situation, public confidence in investing money in post office schemes is increasing. Money9's latest survey has revealed that the number of families saving has increased this year as compared to last year. While 70% of families were saving in 2022, this figure has reached 88% in 2023.

People's focus on saving money

Along with this, there has been a change in the number of families saving as well as in the saving methods of Indian people. Recent data has proved that the number of people making bank deposits has increased by 77% by 2022 compared to 64%. One reason for increase in savings in banks is that the interest on deposits is high. There may also be a decision of the Reserve Bank in this, in which it had announced to deposit Rs 2000 notes in banks. As a result, people have deposited the notes kept in their homes in banks.

The survey shows that families are now buying more insurance. This change has been seen after Corona. Last year, 19% families bought insurance, while in the 2023 survey this figure has reached 27%. Therefore, the number of insurance seems to be increasing rapidly.

Post office becomes new trend of saving

A new trend is being seen in savings, which reflects the savings schemes of the post office. There has been an increase in the number of families depositing money in various small savings schemes of the post office, which has increased from 21% in 2022 to 31% in 2023. One of the main reasons for this is that small savings schemes are run through the post office, which also provides good interest. Let us tell you that the number of families investing in gold has also increased from 15% to 21%.