CORE BANKING SERVICES IN POSTAL SOON IN 4000 POST OFFICES
4000 POST OFFICES ARE TO BE INTRODUCED WITH CORE BANKING - HON'BLE MOSC & IT REPLIED IN PARLIAMENT
EXCERPTS RECEIVED BY NFPE IN EMAIL IS REPRODUCED BELOW FOR THE INFORMATION OF OUR MEMBERS:
There is a proposal to introduce Core Banking Solution (CBS) in 4,000 post offices for ensuring "anytime, anywhere and any branch banking"
in these 4000 post offices. There is a financial outlay of Rs.106 crores for development of CBS software, customer relations management, training, project management unit, centralised back office etc. during the 11th Five Year Plan.The project aims at provision of delivery channels like ATM, internet, phone and mobile banking services besides streamlining the existing operations of savings schemes /savings certificates.Till now, 117 officers have been imparted CBS appreciation training and 60 operative officials have attended workshop on Core Banking.
Government has also taken the following steps to make the post offices a profitable organization:
1. Modernize mail operations through improved transmission of mails, parcel and logistics between major cities, setting up of automatic
mail processing centres for faster processing of mails and rationalization of the existing mail network.
mail processing centres for faster processing of mails and rationalization of the existing mail network.
2. Induction of technology in speed post network and financial services so as to increase the efficiency of operations.
3. Leveraging the postal network to provide various utility services.
4. Utilizing technology for improving productivity in post offices.
Minister of State for Communications Information Technology,
Shri Gurudas Kamat in written reply to a question in Lok Sabha.
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