Observing the difference of experiences between her generation and that of her parents, Melissa Sim writes in Citizen Historian about how the Post Office Savings Bank has changed the experience of banking.
During a Chinese New Year gathering, a conversation between my mother and her friends somehow shifted to how various Post Office Savings Bank (POSB) branches were silently being renovated into Development Bank of Singapore (DBS) outlets instead. They agreed that this was a “smart move that will not cause a lot of disapproval” since people were not aware that it was happening. They then talked about their childhood days when they had just started saving with the POSB. They excitedly recall how they exchanged their savings for stamps to paste on their cards.This was not the first time I have heard of collecting stamps to save, but it was something I had not experienced before. As such, it made me question how my parents’ generation remembers the POSB, in contrast to my own experience, and why this experience is only articulated through the context of the acquisition of POSB by DBS.
Read this interesting essay on the POSB savings scheme on Citizen Historian.
Tags: POSB
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