Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Auditor's report alleges fraudulent withdrawals, forgery, cheating in postal circles across India

The staff at post offices misappropriated Rs 95.62 crore of public money between November 2002 and September 2021, the Comptroller and Auditor General has said.

The money may seem small but it is what common citizen invested in post office savings, the oldest and the largest banking system in the country. The system serves the investment needs of urban and rural clients through schemes such as savings bank, recurring deposits, time deposits, national savings certificates, kisan vikas patras, public provident fund, monthly income account scheme, sukanya samriddhi accounts and senior citizens savings scheme.

The Department of Posts (DoP) offers these