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.
about an ATM card similar to a debit card/ATM card issued by a bank for postal
account? Sounds different right?
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.
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
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) accounts holders in 1.55 lakh post offices.
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.
further added that the postal ATM card enables POSB account holders to withdraw
money from any bank ATM, provided they have enough savings.
account holder need not rely only on Post Office ATMs," he added.
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.
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.