Postal Department To Open 1,000 ATMs By March 2016

 

The Department of Posts (DoP) plans to open 1,000 ATMs and bring all 25,000 departmental post offices under core banking system by March 2016

It has already rolled out core banking system (CBS) in 12,441 post offices along with 300 ATMs, a DoP official said.

By March 2016, 1000 ATMs will be rolled out across the country, he added.

DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.

CBS will enable customers to operate their accounts, and avail banking services from any post office on CBS network, regardless of where they maintain their account.