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In a major boost to digital banking, Union finance minister (FM) Nirmala Sitharaman announced that all 1.5 lakh post offices in India would be connected to the core banking system.
Post Office Savings Bank likely to be interconnected with other banks by April SECTIONS Last Updated: Dec 31, 2020, 07:31 PM IST Share Synopsis The postal department during the lockdown was at the frontline to deliver essential parcels when rail, road and air traffic were grounded and continues to enhance capacity as trains are not fully operational yet, Department of Posts Secretary Pradipta Kumar Bisoi told. Agencies "We expect to make Post Office Savings Bank also directly interoperable with accounts of other banks by April," Bisoi said. New Delhi: India Post expects to make the Post Offi...
India Post expects to make the Post Office Savings Bank interoperable with other bank accounts by April and will focus on enhancing digitisation of all services in 2021, a senior official of the department said. The postal department during the lockdown was at the frontline to deliver essential parcels when rail, road and air traffic were grounded and continues to enhance capacity as trains are not fully operational yet, Department of Posts Secretary Pradipta Kumar Bisoi told PTI. "We will enhance our focus on digitising services and delivery of service at doorstep in the coming year. Our b...