Question 1
Maximum value of an article that can be insured through a the Post Office is:
20,000
50,000
5,00,000
2,00,000
Explanation
The maximum value of an article that can be insured through India Post is ₹5 Lakhs (for items booked at standard post offices) or ₹600 (for articles booked at Branch Post Offices).
Currency Notes: When dispatching cash, the value cannot exceed ₹20,000.
Real Value: The insured value cannot exceed the actual value of the contents.
The maximum insurance limit for domestic accountable postal articles and parcels increased from ₹1 lakh to ₹5 lakh effective from April 1, 2026.
