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Postal dept to set up 1,000 ATMs by 2014

Hyderabad, June 5: The Department of Posts will be setting up about 1,000 ATMs in different parts of country by 2014, according to Ms Manjula Prasher, Secretary, Department of Posts, Government of India.

Speaking at an award-presentation ceremony of the department here on Tuesday, Ms Prasher said the department had taken up a technology-induction programme to improve the services.

The work on providing online connectivity between various post-offices and circles was currently under way. The Postal Department was also participating in the ‘Aadhaar' project by despatching cards to about 60 crore persons, she added.

Later, she also gave away ‘Dak Seva' and postal life insurance awards to the staff.

In 2011-12, Andhra Pradesh Postal Circle secured Rs 863 crore business in postal life insurance and Rs 886 crore business under rural postal life insurance segment. In terms of the number of policies, it ranked the second in the country with over 3.46 lakh policies.

The total number of lives insured as on March 31, 2012 was about 40.52 lakh and 4.29 lakh in rural postal life insurance and postal life insurance respectively

http://www.thehindubusinessline.com/industry-and-economy/banking/article3493927.ece?ref=wl_industry-and-economy.