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Govt to set up 650 India Post Payment Bank : Sinha

ByMr. Sachida Nand Jha

Oct 9, 2017

Speed Post News Network

New Delhi : Minister for Communications Manoj Sinha on October 9, 2017, said that the Government is working on setting up 650 India Post Payments Bank and gearing up fast to provide its financial services through all 1.55 lakh post offices to fulfil the Prime Minister’s vision of financial inclusion.

Speaking here on the occasion of World Post Day, he said that Indian Postal Department is undergoing major transformation with changing times, be it the inter-operability of ATMs, core banking or providing of Passport Seva and Aadhar enrolment. He said that so far 57 Post Offices are providing Passport Seva and in coming days 93 more will be added to the list, according to aPIB release.

Sinha launched International Tracked Packetservice designed specially to meet the cross border requirements of e-Commerce sector in Asia-Pacific Region. He said in the beginning, the service will be available to 12 countries and gradually the whole world will be covered. This new service has many special features like affordable price, track & trace, volume discounts, pick up facility, compensation for loss or damage and, therefore, high value for money.

The Minister also launched e-IPO (Indian Postal Order) in the denominations of Rs 10, Rs 20, Rs 50 and Rs 100 as a pilot project in Bihar, Delhi and Karnataka and said that in the next two months, the service will cover the entire country  .e-IPO will be used for all purposes like fee payment for RTI/ educational institutions/ Court/ online registration for Cable Operators etc. Customer can purchase e-IPO online from one’s home or workplace, as per one’s convenience. This launch is a part of Digital India Initiative as the payment will be made through Debit Card/ Credit Card / Net Banking. Sinha also unveiled the revamped website of the India Post which is made more user-friendly and informative to meet the need of customers in a better way, according to the PIB release.

 

 

By Mr. Sachida Nand Jha

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