NEWS & ADVICE : CREDIT CARDS
Chennai the first one to have Post office saving bank ATM facility
By Ankit Sharma
Feb 28, 2014
Print    Email    RSS   

Finance Minister initiated country’s first post office savings bank ATM in the country today in Chennai. Under the IT modernization scheme it was planned to make department of Post fully technology oriented and this is the first step towards the initiative. After launching the first ATM at Thiyagaraya Nagar Head Post Office (HPO) Mr. Chidambaram reported that 1.55 lakh more are there to be established by the next year.

People believe that the post office is the best place for the courier and parcels but due to drop down in demands of letters these day, post offices will be offering banking services as well. After this first post office ATM in the county, four more ATM are there in the pipeline to be initiated soon in Mumbai and Delhi. Finance ministry is planning to have 1,000 such ATMs by 2014 and another 1,800 by 2015. By the end of March 700 more post offices will covered and all 26,840 post offices will be functional under CBS in another two years.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Spoiled credit history? - Get a secured...
How Your Credit Card Can Help To Improve...
IMPS- remittance facility through mobile...
Utilise credit card reward points
Factors affecting car insurance premium


+91-96-947-71-697- मंगलिक दोष...
what is my credit card statement
i forgot my ATM pin number i could i get it again
how to improve my CIBIL score???

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive