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Friday, March 29

Post offices to be brought under Core Banking

Post offices to be brought under Core Banking


Mangalore Today News Network

Mangaluru, Nov 29, 2015: A media release informs that the department of Posts will take up the project of networking all the post offices under Core Banking Solution (CBS), as a part of IT modernisation, according to a press release.

South Karnataka Postal Region has reached the landmark of Rs 500 Core Banking Solution (CBS) post offices as on November 16. 523 out of 776 post offices under the region have been networked under CBS and the rest will be networked by December, the release said.

CBS enables customers of post office savings bank to operate their accounts and avail account related services from any CBS post office across India. In South Karnataka, postal region ATMs at five locations have been made operational at Mysuru, Puttur, Shivamogga, Kolar and Mangaluru Head offices. Further, seven ATM locations will be operational by December at Davanagere HO, Chikkaballapur HO, Bhadravathi HO, Gundalpet SO, Hassan HO, Arasikere HO and Channarayapattana SO.

Customers having saving bank accounts in any CBS migrated office can avail the ATM services in all India Post ATMs, the release issued by South Karnataka Region Postmaster General S Rajendra Kumar stated.


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