Plans afoot to set up 650 India Post Payments Bank: Manoj Sinha

NEW DELHI: Plans are afoot to set up 650 India Post Payments Bank across the country, Minister of State for Communications Manoj Sinha said.
Addressing a function on the occasion of World Post Day here on Monday, Mr Sinha said, ”Government is working on setting and gearing up these banks fast.”
”These banks will provide financial services through all of 1.55 lakh post offices to fulfill the Prime Minister’s vision of financial inclusion,” he said. The MoS said Indian Postal Department was undergoing major transformation with changing times, be it the inter-operability of ATMs, core banking or providing of Passport Seva and Aadhar enrolment.
He said so far 57 post offices are providing Passport Seva and in coming days 93 more will be added to the list.
On the occasion he also launched International Tracked Packet service designed specially to meet the cross border requirements of e-Commerce sector in Asia-Pacific Region.
He said, at the beginning, the service will be available to 12 countries and gradually the whole world will be covered. He said, with the launch of this service, Department of Posts is set to start a new chapter of close collaboration between the post office and the business in India that want to reach to their customers abroad.
The Minister also launched e-IPO (Indian Postal Order) in the denominations of Rs. 10, 20, 50 and Rs. 100 as a pilot project in Bihar, Delhi and Karnataka and said that in the next two months, the service will cover the entire country.
e-IPO will be used for all purposes like fee payment for RTI, educational institutions, Court, online registration for Cable Operators etc. This launch is a part of Digital India Initiative as the payment will be made through Debit Card, Credit Card, Net Banking. e-IPO can be purchased online.
The Minister also unveiled the revamped website of the India Post which is made more user-friendly and informative to meet the need of customers in a better way. (AGENCIES)

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