Within coming few years, Indian Post has planned to set up 1000 new ATM machines. In order to hive off its financial services in to a bank the Postal department will roll out these ATMs. Currently the Indian Post o having 2 ATMs located at Chennai and Delhi.
The Indian post wants to have established ATMs based on the core banking platform and enable the customer to perform the banking transactions at of the networked offices. In last two years bank has established 676 offices based on the core banking platform and in the coming 2 years Indian post wants to have another 2500 such offices based on the core banking platform.
The new ATMs established will also be linked to the core banking branches enabling the convenient ATM transaction facilities.