New Delhi, July 21: The government has sanctioned Rs 106 crores to the Department of Post (DoP) to help post offices provide their small savings scheme customers the facility to access their account from any branch, Minister of State for Communications and IT Sachin Pilot today said.
“The government has already approved a project that will help post offices implement core banking facility. The government has earmarked Rs 106 crores for developing software for the project,” Pilot said.
The DoP has planned “Anywhere, Anytime, any Branch banking” through core banking solutions for post office small savings scheme.
Currently, there are over 18 crore savings accounts in the post offices. The service would enable people from the remotest parts of the country to access banking services anywhere through the post offices.
—Agencies