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Post Office savings

14 Mar 2016

Core banking facility available at over 20K post offices

Customers with Post Office savings can now operate their accounts from 20,106 branches as they have been connected with core banking facility, Telecom Minister Ravi Shankar Prasad said on Monday.

19 Jan 2016

PIB likely to approve India Post's payments bank proposal

The Public Investment Board (PIB) on Tuesday discussed the Rs 800-crore proposal from the India Post for setting up a payments bank and the final approval on the same is expected in the next meeting.

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.

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