Main Article Content
Abstract
The Post Office savings bank is the oldest and the largest banking system in India. Savings are vital factors for the growth and improvement of the economy of the country. In India, Post Office savings scheme provides a secure, risk free and attractive investment option for the small investors. Post office savings schemes are one of the modes for them to save their valuable earning. Post offices offer various saving schemes like Savings Bank Account, National Savings Certificate Account, Post Office Monthly Income Scheme, Senior Citizen Scheme, Recurring Deposit, Sukanya Samriddi Account, Ponmagan podhuVaippu nidhi and so on. In this study we mainly focus on the saving schemes for children. This study is conducted to analyze the perception of parents toward Post office saving schemes in Palayamkottai. This study is particularly conducted among the parents because they save major part of their salary for their children’s education and marriage. The primary data is collected by developing a well structured questionnaire mainly taking into consideration the objectives of the study. The questionnaire is circulated among 80 respondents and 78 were collected back and 8 were found incomplete. So the sample size is restricted to 70. Simple random sampling method was adopted. While analyzing the primary data, statistical tools such as percentage analysis, Garrett ranking, weighted average method, chi square and t test techniques are used in this study. It is concluded that that parents are highly interested and satisfied in depositing their savings in Post Office Savings scheme.