POST OFFICE SAVINGS BANK

POST OFFICE SAVINGS BANK


VERY SOON POST OFFICE GOING TO GIVE BANKING FACILITY.PRESENTLY IT OPERATES IN TAMILNADU.IT MAY SOON ALLOTS ATM CARD AND REPLACE PASSBOOK TO ACCOUNT STATEMENT.LAST WEEK THE GOVERNMENT ISSUED A GAZETTE NOTIFICATION AMENDING THE POST OFFICE SAVINGS BANK GENERAL RULES,1981.THESE FACILITIES WILL BE AVAILABLE ONLY AT BRANCHES RUNNING ON CORE BANKING SOLUTIONS SOFTWARE.CORE BANKING SYSTEM HELPS POST OFFICE TO MAINTAIN DATA CENTRALLY.SO THAT EVERY POST OFFICE ACCESS DATA FROM ANYWHERE .ON THE INVESTMENT PART, POST OFFICE WOULD NOT INVEST ANYWHERE BUT IT CAN COLLECT MONEY FROM CUSTOMER AND FORWARD IT TO GOVERNMENT AND GOVT INVEST IT IN INFRASTRUCTURE WORK AND EARN MONEY TO GIVE RETURN FROM LONG TERM TAX GAIN.