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Tuesday, April 28, 2015

Postal ATM makes debut in Odisha

BHUBANESWAR: Postal ATMs made an entry into the state on Monday morning, with one unit each in the state capital and Cuttack.

"By introducing the ATM facilities, the postal department aims to reach out to more people with the help of latest technology. Through these ATMs people can withdraw cash from their service accounts and also avail other banking facilities. We have plans to extend our services to rural areas of the state," said chief postmaster general, Odisha circle, Tilak De.

There are 1 crore 15 lakh postal savings accounts in the state, he added.

The two units will provide the same services as normal ATMs for savings account holders in post offices. The postal department has plans to open 44 ATMs in the state in the 2015-16 financial year and would link them with commercial banks soon.

With the launch of the postal ATMs in the city, customers will get all the facilities that they get in core banking, such as cash withdrawals, mini statements, fast cash, balance enquiry, PIN change and so on. A maximum of Rs 40,000 can be withdrawn at one time, De said, adding that with the launch of the ATM, all modern and core banking facilities have been made available at the post office.

Postal department sources said, 35 Head Post offices in the state have been implementing core banking solutions and upgraded a post office into savings banks, meaning customers can operate their accounts and avail account-related services from any post office, regardless of where they maintain their accounts.

"India Post is in a reviving mode," said De, adding, three more ATMs will also be opened in Puri, Rourkela and Sambalpur next week, he added.

The postal department has also plans to link Postal Life Insurance service with core banking solutions. As a result, people can pay premiums online and check their policy status. The department will also roll out core insurance solutions, official sources said.

There are 8,200 post offices in the state, while Bhubaneswar Division has 71, with 5.79 lakh customers.

Source:-The Times of India

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