Friday, March 29, 2013

Postal ATMs to come up soon

Dear Comrades,

TRICHY: Soon, public who have invested in post office savings scheme can transact through exclusive Automatic Teller Machines (ATMs) that will come up at some post offices in Trichy region. The facility,which will come up once the postal department completes the process of connecting the post offices under the core banking facility, will enhance convenience to account holders.

The postal department has decided to bring all the branches under the core-banking facility. As a pilot project, the ATM centres will be set up in six head post offices in Trichy, Thanjavur, Pudukkottai, Kallakurichi, Kumbakonam and Nagapattinam, probably, in June this year.

The Postmaster General for central Tamil Nadu, Bahadur Singh explained the functioning of the new client-friendly initiative of the department. "Our main objective is to bring the activities of more than 3,500 branches under the core banking facility. In the first phase, six ATM centres will be opened in six head post offices in the region. Our customers will be given ATM cards so that they can withdraw money and check their account balances in the dedicated ATMs. But they are not entitled to use their cards in bank ATMs. Likewise, the banking customers cannot use their cards in postal-ATMs."

In the second phase, 18 more post offices will be connected under core banking facilities and 78 sub-post offices will be equipped with the facility in the third phase in 2013-14. Likewise, the facility would be extended to rest of the branches in the region, added Bahadur Singh.

Statistics reveal there are 53, 04,694 various live accounts in 3,507 post offices in central Tamil Nadu region. The postal department has reached Rs 88 crore revenue against the target of Rs 103 crore till February 2013 by mobilising various types of deposits. The postal chief was optimistic about reaching the target revenue well before March-end.

The department, which is earning almost equal amount of revenue through mail services, will conduct a recruitment drive next month to select candidates for 75 posts in Group C cadre in the central region, said Bahadur.
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