Inauguration of 1st Postal Savings Bank ATM at Hyderabad GPO Hyderabad, May 5: B.V. Sudhakar, Hon'ble Chief Postmaster General, A.P. Circle inaugurated 1st India Post ATM in Telangana State today at Hyderabad GPO.
India Post is establishing total 95 ATMs across Telangana and A.P. State soon. Out of 95 ATMs, 36 are establishing in Telangana State. All the Head Post Offices in both the states are already in CBS platform. About 2,438 Sub Post Offices in both Telangana and A.P. States are also being upgraded to CBS Platform during 2015-16.
Core Banking Solutions will provide the following benefits:
(a) Anytime and Anywhere banking (online mediums / SMS)
(b) Standardised, simple and automated processes
(c) Increase in quality of the service provided to the customers
(d) Timely and accurate information for management decision making
(e) Strong audit and internal controls
(f) Bring down the cost of transaction and thereby improving operational efficiency
(g) Paving way for new value added services thereby generating additional revenue for the Department
(h) Customers can be withdrawn up to Rs. 10,000/- in a Single transaction and Rs. 25,000/- in a single day from ATM.
News Posted: 5 May, 2015
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