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Department of Posts News

23 Oct 2024

Post Office Directed To Return 50 Paise To Customer By Consumer Court

The district consumer commission directed the DoP to refund fifty paise to the complainant and pay Rs 10,000 as compensation for mental agony, unfair trade practice and deficiency in service.

3D Printed Post Office

18 Aug 2023

'Every Indian Would Be Proud': PM Modi On India's 1st 3D-Printed Post Office

PM Modi Hails India's 1st 3D-Printed Post Office: The Prime Minister took to X (formerly Twitter) and said, "Every Indian would be proud to see India’s first 3D printed Post Office in Cambridge Layout, Bangalore.

India Post Payments Bank

12 Nov 2021

Post Office to sell 2 insurance schemes in partnership with Bajaj Allianz

The three companies in the partnership are aiming to bridge the financial ga by offering insurance products to the unbanked. Bajaj Allianz Life Insurance will sell Bajaj Allianz Life Smart Protect Goal and Bajaj Allianz Life Guaranteed Pension Goal. The former is a term insurance product while the latter is an annuity plan.

30 Jul 2017

Want a personalised postage stamp with your favourite animal? Delhi Zoo is planning to make that happen!

The zoo official said a single sheet costing Rs 300 will have 12 personalised stamps and that the visitors can select from different templates on which the stamps will be printed.

Bandaru Dattatreya

12 Feb 2017

Posts offices can do employment registration, issue digital life certificates

Post offices will now provide services such as employment registration centres for rural youth through National Career Services portal and will also be authorised to issue Aadhar-linked digital life certificates to EPFO pensioners.

30 Jan 2017

Payments banks can pose challenge to traditional banks due to lower cost: FM Jaitley

Jaitley said that about 650 India Post Payments Bank branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned.

India Post Payments Bank

18 Aug 2016

India Post Payments Bank incorporated, to start ops in 2017

India Post Payments Bank has come into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations in 2017.

PO savings accounts

10 Aug 2016

PO savings accounts near 35 crore; hold Rs 5 lakh crore deposits

There were about 35 crore small savings accounts operational in post offices with deposits totalling nearly Rs 5 lakh crore in 2015-16, government said Wednesday.

Department of Posts

24 Jul 2016

Department of Posts fails to pay tax, CBEC faults officials

The Department of Posts could not pay its service tax because of "unwarranted refusal" by the officials concerned who did not exercise their discretionary power in letting it pay the levy through cheque.

01 Jun 2016

Cabinet approves India Post payments bank proposal

The Union Cabinet on Wednesday approved the Department of Posts (DoP) payments bank proposal involving a project cost of Rs 800 crore.

Department of Posts

17 Jan 2016

Postal Dept to open 1,000 ATMs by March this year

The Department of Posts (DoP) plans to open 1,000 ATMs and bring all 25,000 departmental post offices under core banking system by March this year.

Department of Posts

19 Oct 2015

Payments bank: DoP pilot project likely to start in Jan

The Department of Posts (DoP) is likely to start pilot project of its payments bank services in January at select location including Bihar.

Department of Posts

27 Sep 2015

DoP to seek Cabinet nod for Rs 292 cr to set up payments bank

The Department of Posts (DoP) is expected to seek Cabinet nod within two months for raising Rs 292 crore from public investment board to set-up payments bank, for which it has already got the RBI approval.

20 Aug 2015

India Post says open to partnerships for payments bank

Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies.

Department of Posts

12 Jul 2015

2,590 post offices have core banking facilities: Prasad

There were only 236 post offices under core banking facilities, but after the current NDA government came to power last year, 2,590 post offices have now core banking facilities, he said.

Department of Posts

22 May 2015

No job cut in transformation of Postal Dept: Prasad

There will be no job losses during transformation of the Department of Posts, Communications and IT Minister Ravi Shankar Prasad assured Friday.

Department of Posts

12 Apr 2015

DoP to seek Cabinet nod for 240 cr to set up Post Bank

The Department of Posts (DoP) will soon seek Cabinet approval for Rs 240 crore for setting up Post Bank of India.

05 Apr 2015

Postal Dept incurs loss of Rs 7 a postcard, Rs 5 inland letter

The Department of Posts is incurring a loss of over Rs 7 per postcard and about Rs 5 per inland letter as the revenue earned is far lower than the actual cost.

Department of Posts

16 Jan 2015

DoP may set up separate entity for e-commerce by next year

The Department already has a tie-up with domestic e-commerce players such as Flipkart, Snapdeal, Amazon and Shopclues among others and for international e-commerce, the Department has entered into agreements with e-Bay and Japan Post.

11 Jan 2015

Govt mulls legislative route for setting up Postal Bank

The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence.

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