India’s first post office savings bank ATM inaugurated in Chennai Thursday Feb 27,2014

Union Finance Minister P. Chidambaram on Thursday Feb 27,2014 inaugurated the country’s first post office savings bank ATM at the Head Post Office in Thyagaraya Nagar,Chennai,Tamil Nadu,India

The ATM was part of an Information Technology (IT) modernisation project of the Department of Posts.

The launching of the ATM was a step towards making the department a completely technology oriented one,” he said adding that the Core Banking Solutions (CBS) scheme would benefit as much as 1,55,000 post offices. 

Secretary of Department of Posts Padmini Gopinath said

• about 2800 such ATMs would be installed by end of 2015
• Sixty-two post offices covering 64 lakh accounts had already migrated to CBS. 
• Over 26,840 post offices will adopt CBS by 2016
• All account holders will be provided with an ATM card