BANGALORE, INDIA: When you hear 'ATM', what is the first thing
that you relate to it? I am sure, many of us, including me, relate it to
savings bank ATM card.
How about an ATM card similar to a debit card/ATM card issued by a
bank for postal account? Sounds different right?
Yes, the Department of Posts, in an effort to provide enhanced
solutions to its customers is all set to launch the first Automated teller
Machine (ATM) in Bangalore GPO premises shortly, through a core banking
solution.
Last year, the department of post had announced that it has plans
to set up 1,000 ATM centres at different post offices across the country, with
an aim provide better customer service through IT enablement of business
processes and support functions.
Implementing new banking solution enables postal department to
offer all kinds of services that are offered by private banks to more than 200
million post office saving bank (POSB) account holders in 1.55 lakh post
offices.
When CIOL enquired about the launch of India's first India Post
ATM, an official concerned with the Bangalore post office said, on condition of
anonymity, that the ATM facility will be launch shortly with good features.
He further added that the postal ATM card enables POSB account
holders to withdraw money from any bank ATM, provided they have enough savings.
"POSB account holder need not rely only on Post Office
ATMs," he added.
Recently, TCS announced that it had bagged a Rs 1,100 crore,
six-year contract from the Department of Posts to provide end-to-end IT
modernisation program to equip India Post with modern technologies and systems
to enable it to serve more services to more customers, in an effective manner.
The IT modernisation project dubbed 'India Post 2012' will help
the department achieve a wider reach among the Indian population through
increased customer interaction channels and through new lines of business.
Source :
http://www.ciol.com/ciol/news/189381/india-post-set-atm-bangalore
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