Thursday, 23 February 2012
The India Post (भारतीय डाक), one of the largest postal service
provider in the world with largest network of post offices, post boxes
and letter boxes. That too in most of the country, with this India Post
is going to expand its service in Banking sector too.
Everyone knows that we can deposit our money in Post offices through its special saving schemes we can get regular returns. Even post offices provide cheque book and many other facilities like Core Banking with computerized solution and opening of a savings bank account with India Post.
To enhance its banking sector and provide benefit to its customers India Post will employe Automatic Teller Machines (ATM’s) all over India at different different places. The Indian Post ATM’s will enable saving account holders of the post offices to withdraw money as they do in other bank ATM’s.
The India Post had filed a request regarding the same with Reserve Bank of India (RBI) and according to sources, the request will get approval in few months from now which will enable Indian Post offices to install ATM machines in cities and towns.
Being one of the largest networks, if India Post jumps in to Banking sector it will create a huge buzz around. It is available in even remote areas of our country and by providing services like ATM Cards and Cheque Books it will create a tough competition for other banks like Bank of Baroda and State Bank Of India.
Everyone knows that we can deposit our money in Post offices through its special saving schemes we can get regular returns. Even post offices provide cheque book and many other facilities like Core Banking with computerized solution and opening of a savings bank account with India Post.
To enhance its banking sector and provide benefit to its customers India Post will employe Automatic Teller Machines (ATM’s) all over India at different different places. The Indian Post ATM’s will enable saving account holders of the post offices to withdraw money as they do in other bank ATM’s.
The India Post had filed a request regarding the same with Reserve Bank of India (RBI) and according to sources, the request will get approval in few months from now which will enable Indian Post offices to install ATM machines in cities and towns.
Being one of the largest networks, if India Post jumps in to Banking sector it will create a huge buzz around. It is available in even remote areas of our country and by providing services like ATM Cards and Cheque Books it will create a tough competition for other banks like Bank of Baroda and State Bank Of India.
