Praveena Vijayan, Assistant Professor, Dept. of Commerce, Sree Narayana College, Nattika,Thrissur – 680566 E-mail:
[email protected] Objectives of the study The broad objective of the study is to examine the role of postal savings in financial inclusion. The specific objectives of the study are; To measure the financial inclusion in terms of savings accounts in Elavally Gramapanchayath. To measure the level of financial inclusion in terms of postal savings. To identify the deposit scheme which is mostly preferred by the customers of post office To measure the level of financial literacy in the panchayath. Methodology This study chooses descriptive nature. The study is mainly based on primary data collected from 100 households in Elavally Grama panchayath through questionnaires. The households have been selected by employing convenient sampling. Economic reviews of the government of India, Kerala economic reviews published by Kerala Government, census data, reports of RBI, previous studies and report of Elavally Grama panchayath are the secondary sources of data. The important variables used in the study are types of deposits and insurance services. Simple mathematical tools and statistical tools like percentages and averages are used for data analysis. Profile of Elavally Panchayath Elavally Grama panchayath is a special grade Grama panchayath located on the west of Thrissur District in Kerala, consisting of 16 wards and 4517 households. The financial sector largely depends upon Gulf Malayalees. Most of the rural folk are engaged in agriculture and business. Elavally Grama panchayath has a population of 21872 of which 10,262 are males and 11610 are females. It is one among the panchayaths, having high literacy rate.