Published On: Thu, May 30,2013
India Post set to open
first ATM in Bangalore
Post office saving bank account holders in Bangalore can
experience new ATM card facilities shortly
News | by
CIOL Correspondent
BANGALORE, INDIA: When you hear 'ATM', what is the first
thing that you relate to it? I am sure, many of us, including me, relate it to
savings bank ATM card.
How about an ATM card similar to a debit card/ATM card
issued by a bank for postal account? Sounds different right?
Yes, the Department of Posts, in an effort to provide
enhanced solutions to its customers is all set to launch the first Automated
teller Machine (ATM) in Bangalore GPO premises shortly, through a core banking
solution.
Last year, the department of post had announced that it has
plans to set up 1,000 ATM centres at different post offices across the country,
with an aim provide better customer service through IT enablement of business
processes and support functions.
Implementing new banking solution enables postal department
to offer all kinds of services that are offered by private banks to more than
200 million post office saving bank (POSB) account holders in 1.55 lakh post
offices.
When CIOL enquired about the launch of India's first India
Post ATM, an official concerned with the Bangalore post office said, on
condition of anonymity, that the ATM facility will be launch shortly with good
features.
He further added that the postal ATM card enables POSB
account holders to withdraw money from any bank ATM, provided they have enough
savings.
"POSB account holder need not rely only on Post Office
ATMs," he added.
Recently, TCS announced that it had bagged a Rs 1,100
crore, six-year contract from the Department of Posts to provide end-to-end IT
modernisation program to equip India Post with modern technologies and systems
to enable it to serve more services to more customers, in an effective manner.
The IT modernisation project dubbed 'India Post 2012' will
help the department achieve a wider reach among the Indian population through
increased customer interaction channels and through new lines of business.
Courtesy: www.ciol.com
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