More Post Offices to Offer Core Banking

The Postal Department is introducing Core Banking Solutions System (CBSS) at 95 head post offices in Telangana and Andhra Pradesh within six months. Presently, the CBSS facility is available at 18 head post offices in the two states.

Published: 11th July 2014 08:38 AM  |   Last Updated: 11th July 2014 08:38 AM   |  A+A-

KAKINADA: The Postal Department is introducing Core Banking Solutions System (CBSS) at 95 head post offices in Telangana and Andhra Pradesh within six months. Presently, the CBSS facility is available at 18 head post offices in the two states.

Speaking to reporters here Thursday, Andhra Pradesh post master general BV Sudhakar said that the department had introduced several facilities at the post offices for the benefit of the people.

Sudhakar said the customers could deposit and withdraw amounts from any post office. One ATM was provided at each post office where CBSS facility was available. There were 28 crore savings accounts in the post offices across the country with total deposits amounting to `50,000 crore. In Telanagana and Andhra Pradesh states, there were 4.72 lakh savings accounts.

The PMG further said all the 1.55 lakh post offices in the country would be connected with an online system and plans were foot to implement Postal Insurance Scheme effectively, he added.

He said the department was introducing ‘Sunayasa’ scheme from July 13 at 2,435 computerised post offices for payment of electricity bills, water bills and property tax . As many as 177 ‘sevas’ were available under the scheme.  Another scheme, ‘Nanyatha’ was introduced to monitor the clearance of post boxes through the Global Positioning System (GBS). A special software was developed in this regard.

Stating that in the year 2013-2014 the department achieved `1,001 crore business as against its target of `970 crore in the state, he said a state-level postal stamps exhibition would be held from July 24 to 26 in Vijayawada. Visakhapatnam post master general Sarada Sampat Kumar and other officials were present.

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