Postal Department Starts Core Banking Services

The postal banking services will be operations across 82 head offices in Telangana and AP with its head office being Hyderabad.

Published: 09th January 2015 06:06 AM  |   Last Updated: 09th January 2015 07:29 AM   |  A+A-


HYDERABAD: People holding accounts with a post office can now operate their accounts from any other post office and also online.  The department of posts, AP Circle, launched Core Banking Services (CBS) on Thursday, offering online banking, mobile banking and SMS alerts. ATMs will be opened in another six months.

The services can be availed at 82 of the 95 Head Post Offices located in the sibling states of Andhra Pradesh and Telangana, and the remaining 13 also will be shifted to the CBS platform by the first week of February.

Inaugurating the Core Banking Services, BV Sudhakar, chief postmaster-general, AP Circle, said that they would be enabling the CBS through 2,438 Sub Post Offices by June this year. ATMs will be opened in another six months.

He said post offices would also offer cashless service. People can use debit cards of any bank to draw cash up to Rs 1,000 at 63 post offices. Areas where there are no banks or ATMs will be given priority to launch the service.

NIRANTARA SEVA: To assist transportation of medicines from district headquarters to primary health centres in remote places in 13 districts of Andhra Pradesh, the department has provided 13 vehicles which will be kept at the disposal of the state’s health department. “We expect a revenue of Rs 2 crore a year from this service,” Sudhakar said.

Initially, the vehicles will ply on around 15 routes in each district.  

TTD TICKETS: Apart from selling special entry darshan tickets of Tirumala Tirupati Devasthanams (TTD) at post offices, the department also intends to provide online booking of rooms and other services and the TTD is examining the proposal. 

“Those wanting to book the darshan tickets have to be present in person at the post office while booking,” Sudhakar said.

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