Dear Comrades,
Post office saving bank account holders in Bangalore can experience new ATM card facilities shortly
BANGALORE, INDIA: When you hear 'ATM', what is the
first thing that you relate to it? I am sure, many of us, including me,
relate it to savings bank ATM card.
How about an ATM card similar to a debit card/ATM card issued by a bank for postal account? Sounds different right?
Yes, the Department of Posts, in an effort to provide enhanced
solutions to its customers is all set to launch the first Automated
teller Machine (ATM) in Bangalore GPO premises shortly, through a core
banking solution.
Last
year, the department of post had announced that it has plans to set up
1,000 ATM centres at different post offices across the country, with an
aim provide better customer service through IT enablement of business
processes and support functions.
Implementing new banking solution enables postal department to offer
all kinds of services that are offered by private banks to more than 200
million post office saving bank (POSB) account holders in 1.55 lakh
post offices.
When CIOL enquired about the launch of India's first India Post ATM,
an official concerned with the Bangalore post office said, on condition
of anonymity, that the ATM facility will be launch shortly with good
features.
He further added that the postal ATM card enables POSB account
holders to withdraw money from any bank ATM, provided they have enough
savings.
"POSB account holder need not rely only on Post Office ATMs," he added.
Recently, TCS announced that it had bagged a Rs 1,100 crore, six-year
contract from the Department of Posts to provide end-to-end IT
modernisation program to equip India Post with modern technologies and
systems to enable it to serve more services to more customers, in an
effective manner.
The IT modernisation project dubbed 'India Post 2012' will help the
department achieve a wider reach among the Indian population through
increased customer interaction channels and through new lines of
business.
http://www.igovernment.in
