The poor have always been precluded from savings services in the formal financial sector. This paper highlights the importance of savings services in the lives of poor people and correlates the experience of different countries in ensuring and encouraging safe savings services to the poor through postal savings banks (PSBs). It recommends PSBs to improve their operational efficiency through technology, conduct market analysis and research for assessing clients’ demands, set up good internal audit teams, and adopt professional banking practices so as to provide efficient services to the clients. In concludes with suggesting the PSBs to also move into lending operations.

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