Postal department plans core banking platform, ATMs at POs

Postal department plans core banking platform, ATMs at POs

New Delhi: The Department of Posts (DoP) is planning to introduce core banking solution (CBS) platform, including setting up of ATMs at select post offices across metro and non-metro cities in the country, minister of state for communications and IT Sachin Pilot today said.

“It is planned to introduce CBS platform in all departmental post offices, which includes providing of ATMs in selected post offices in metro as well as non-metro cities across the country," Pilot said in a written reply to Lok Sabha.

At present, there is no proposal to introduce ATMs in the rural areas, he added.

Pilot said the selection of vendor for introduction of CBS, including ATMs, is under progress and DoP has decided to engage a consultant to prepare a detailed project report on post bank.

“The finance ministry has given approval in principle for introduction of CBS platform in small savings schemes but not yet responded on the post banks,” Pilot said.

The government proposes to convert over 1.5 lakh post offices across the nation into full fledged banks, reaching out to the masses in the rural areas with modern banking facilities