Tag Archives: Indian Postal Service

Post Your Greeting Snail Mail in India with Custom made “My Stamp”

How would you like to greet your well-wishers this festival season? The paper mode or the electronic mode?

To cheer up the festival season, Indian Post has introduced a new customized service of ‘made to design stamps’.

Department of Posts has announced the facility of custom made stamps for posting of Greeting Cards by individuals or institutions including corporate bodies. To make the greetings to the customers unique, customers can get the postage stamp designed as per their wish.

These stamps can have the photograph of individual or logo of the institution or corporate body or any other appropriate depiction in the postage stamp.

Interested customers can get details from selected Philatelic Bureaus.

Yes even in this era of electronic greetings, it is wonderful to receive a Paper Greeting.

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India Post ATMs – Go Live in March 2014

Come March 2014, and India Posts’ first set of ATMs can be accessed by customers at T Nagar in Chennai and Gole Dak Khana in Delhi.

Greams Road Post Office-Chennai is running a pilot of Infosys Financle software. The CBS is a necessity for the ATMs rollout.

The ultimate aim of India Post is to issue ATM cards to all savings deposit holders at India Post. As on 31 March, the department was managing Rs.6.05 trillion of deposits, nearly half the deposit base of government-owned SBI, the country’s largest commercial bank, and double that of the largest private sector lender ICICI Bank. Of this, about Rs.2 trillion is under the savings scheme in 280 million accounts.

Out of the total 155,000 post offices, 139,040 are in rural areas. About 6,000 people are covered on average by a post office in rural areas and about 24,000 in urban areas, according to a 2011 estimate by the postal department.

Once the ATMs are in place, the post office savings bank account customers will be able to access their deposits through ATMs. At the same, time customers of other banks too will be able to access their accounts through the India Post ATM network.

India Post has applied for a banking licence, however irrespective of whether India Post gets a banking licence or not, the expansion and modernisation drive of its Financial services will continue.

Postal ATMs in India – Update

 

44 Post Offices in Odisha are getting ready to welcome Postal ATMs on their premises. Once the 44 selected post offices are on the Postal Departments CBS, the next immediate step would be operationalising the ATMs.

Work has already been started to launch core banking facility in some of head post offices in Cuttack, Balasore, Sambalpur, Jharsuguda, Sundargarh, Mayurbhanj, Angul, Bhadrak, Keonjhar, Puri and Balangir.

In the first phase in Odisha, CBS software will be installed in 30 head post offices and 50 sub-post offices.

As 2013 is fast coming to a close, Odisha will have its first set of Postal ATMs’ in 2014 only.

Postal ATM’s-The wait is over

            The first sets of Postal ATM’s are expected to be rolled out by December 2013. In the first phase, ATMs will be set up in 1,000 Post Offices spread all over the India. i.e across six states –Assam, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Tamil Nadu

Initially, there will be On-site ATMs only. These 1000 Post Offices are part of the wider Core Banking Solution network.

Once the Post Office Saving Bank accounts move from stand-alone mode to CBS mode, the account holders would be able to carry out his/her routine banking accounts at any CBS Post Office.

As this is a test mode, the service charges for AAA (Any Where, Any Time) Post Office Banking is yet to be finalized.

The Chennai Circle and Maharashtra and Goa circle have commenced the civil works in the selected Post Offices.

Infosys is India Post’s Financial Services System Integrator