Customers can now deposit larger sums of money.
Japan Post Bank is raising the cap on its postal savings account to $236,054 (JPY26m) per customer from $118,027 (JPY13m), reports Japan Post.
The latest increase will allow customers to deposit a larger sum of money including retirement pay.
This marks the first increase in the cap since it was first raised by $27,237 (JPY3m) in April 2016 and comes amidst calls from the government for a higher savings cap amidst the privatisation of postal services.
Join
Asian Banking & Finance
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!