Corrigendum to RFP for DPR for setting up of Post Bank of India and responses to clarifications
Ministry of Finance assured to provide Indian Post Office Consumers Internet Banking Facility within a year. Now, we all face the problem with Indian Post that we can't withdraw fund by ATMs, CBS facility. In a major exercise to boost its profitability, the Department of Posts (DoP) plans to introduce core banking solution besides setting up India Post ATMs and debit cards for its customers. “We have set target of bringing in core banking solution by 2012. It will ensure smooth online transactions . We are giving some e-payment services, but they are fragmented,” a top offical from Department of Post said. He added that the work for setting up 1,000 India Post ATMs was in advanced stage and DoP had already held parleys with vendors on this front. “We will also issue debit cards to our existing savings account-holders,” the source added. The DoP is tying up with banks so that customers can use their India Post debit card at any ATM machine pan-India. With a network r...