Nearly Rs. 772 crore has been deposited in the savings bank accounts in the last few days. — Photo: M. Karunakaran
There are 2.50 crore accounts, including savings accounts and recurring deposits, in Chennai region alone
In a bid to ease the inconvenience of customers waiting
in queues, the Department of Posts has started operating most of its
ATMs across the State. However, only those with postal accounts can
withdraw money.
In the past four days since
demonetisation was implemented, post offices across the State have made
transactions to the tune of nearly Rs. 915 crore. Many people seemed to
have found it convenient to deposit cash in post offices, going by the
volume of deposits. Of the total cash transactions, nearly Rs. 772 crore
has been deposited in the savings bank accounts.
Officials
of the postal department said they have extended working hours of
counters for exchanging currency, which are mostly Rs. 100 and Rs. 2,000
notes. On Sunday alone, nearly Rs. 63 crore worth currency notes were
exchanged for lower denomination notes.
At present,
the postal department is carrying out only banking transactions and even
mail delivery has been suspended for two days on account of national
holiday. People are exchanging Rs. 500 and Rs. 1,000 notes, which have
lost their legal tender value, at nearly 2,600 head post offices and sub
post offices across the State.
While some post
offices exchange currency for the specified limit, some of them limit
giving cash to Rs. 2,000 or Rs. 1,000 depending on the availability of
cash reserve. J.T. Venkateswarulu, postmaster general (mails and
business development), said: “We want to serve all the customers who
visit the post offices. We have started providing new Rs. 2,000 notes as
well. The demonetisation move has also facilitated opening of new
postal savings bank accounts by customers.”
There are nearly 2.50 crore accounts, including savings bank accounts and recurring deposits, in Chennai city region alone.
Of
the 91 postal ATMs installed across the State, nearly 80 have started
functioning. Chennai city region has nearly 20 ATMs to enable customers
to withdraw money. The remaining will be operational in one or two days
once adequate cash is loaded, he said.
There are 2.50 crore accounts, including savings accounts and recurring deposits, in Chennai region alone
Source : http://www.thehindu.com/
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