Postal Department of India Increased Speed post rate by 56 Percent

The postal department of India had increased the rates of Speed post deliveries by 42-56% from 1 October 2012.

Domestic charges were increased from Rs 12 to Rs 17, including service tax, and the 'One India' tariff escalated up from Rs 25 to Rs 39. It is first time since 2007 that the rates have been revised.

The biggest users of Speed Post are institutional users, law firms and corporate entities that dispatch bulk mails. Many Banks, uses this service to send credit card statements and also credit cards.

The difference is particularly distinctive with respect to foreign dispatches. A person is supposed to pay Rs 600 to a courier and merely Rs 150-odd to Speed Post delivery.

On the occasion of World Post Day on 9 October 2012, the postal department also announced a proposal to install ATMs at several post offices in the state of Maharashtra. Banking services are already available at several locations but this will enable anywhere, anytime banking.

World Post Day

World Post day is held every year on October 9. The date is marked with the establishment of Universal Postal Union (UPU) in 1874 in Bern, Switzerland. The Universal Postal Union was the start of global communications revolution the result of which people could write to others all over the world.

About Speed Post

Speed Post links more than 1200 towns in India, with 290 Speed Post Centres in the national network and around 1000 Speed Post Centres in the state network. For regular users, Speed Post provides delivery anywhere in India’ under contractual service. Speed Post offers money-back guarantee, under which Speed Post fee will be refunded if the consignment is not delivered within the published delivery norms.