In 1870 District Savings Banks were instituted in all parts of India except Calcutta and the Presidencies of Madras and Bombay. The limits for deposits were fixed at Rs.500 a year with a total of Rs.3000 and interest at 3¾ per cent was fixed. In December, 1879, revised rules were drawn up for District and other Government Savings Banks, the most important change being that the limit of a deposit account was raised to Rs.5000 and interest was fixed at 4-1/6 per cent. The result of these rules was to attract to the Savings Banks a large number of deposits which should have gone to other banks, and in 1880 the monthly limit of Rs.500 with a maximum of Rs.3000 was again imposed and interest was reduced to 3¾ per cent. The proposal to establish Post Office Savings Banks on the lines of those which existed in England met with great opposition, especially from the Comptroller-General. The same arguments were brought forward which the opponents of the Post Office Savings Bank Bill in England used when Mr. Gladstone managed to get this wise and beneficial measure through both Houses in 1861. In 1882 the first Post Office Savings Banks were opened in every part of India except Calcutta, Bombay and the head-quarter stations of Madras. In Madras, savings banks could be opened by the Director-General, provided they were not within five miles of a head-quarter station. The immediate consequence of this measure was an increase in the number of savings banks in the country from 197 to 4243. The minimum deposit was fixed at 4 annas, and interest was allowed at 3 pies a month on every complete sum of Rs.5; it was also arranged to purchase Government Securities for depositors. The end of the first year's working showed 39,121 depositors with a balance of Rs.27,96,796. On the 1st April, 1886, District Savings Banks were abolished and the balances transferred to the Post Office, but the Local Government Savings Banks at Calcutta, Bombay and Madras remained in the hands of the Presidency Banks until the 1st October, 1896.