All post offices to conduct savings bank transactions till 10pm today

 All post offices across the country shall conduct POSB (post office savings bank) transactions upto 2200 hrs on March 31, 2016.

Last Updated: Mar 31, 2016, 11:04 AM IST
All post offices to conduct savings bank transactions till 10pm today

New Delhi: In order to cope with the financial year ending rush in post offices, the Postal Department has taken a slew of measures like setting up a control room, enhancing server capacity and chalking out a plan to working offline in case its network turns sluggish.

With the financial year coming to a close, there is a rush from investors to invest in government's small savings schemes.

In a statement, the Postal Department said it has invoked the business continuity plan for opening of new accounts and withdrawal by customers.

Additionally, small savings agents will work in offline mode wherever and whenever the core banking services (CBS) network turns sluggish owing to high-volume transactions.

"A control room has also been set-up in the postal directorate and all circles will monitor POSB operations in CBS Post Offices," it said, adding an order to this affect has also been issued.

To speed up CBS, server capacity has also been enhanced at the data centre facility. Moreover, all post offices across the country shall conduct POSB (post office savings bank) transactions upto 2200 hrs on March 31, 2016.