What additional benefits do postal employees receive compared to regular customers?

Postal employees may receive certain additional benefits and perks compared to regular retail consumers when availing services from banks and Non-Banking Financial Companies (NBFCs). Some of these benefits typically include:

• Lower interest rates on loans like home loans, vehicle loans, personal loans etc. The extent of rate discount offered can vary across different financial institutions.
• Higher loan amount eligibility based on factors like job security and assured income. This allows postal employees to avail larger loans compared to salaried private sector professionals.
• In some cases, relaxed collateral requirements for secured loans.
• Priority processing and faster disbursal on loan applications due to assured employment. The Know Your Customer (KYC) process may also be expedited.
• Lower processing fees or special discounted processing fees for loans and other financial products.

However, the exact additional benefits offered to postal employees can vary widely across different financial institutions. Employees need to evaluate and compare different financial institutions to avail the best suited products and services for their specific financial needs.