The
Original Equipment Manufacturers (OEMs) and E-commerce companies can soon will
be able to tie-up with the India Post, which spread across 1.50 lakh locations
across India, to reach out to their customers/potential customers.
The
India Post, is being modernised with an investment of over Rs 4,900 crore,
which will bring all the Postoffices under one net and all the operations will
be computerised.
On
the backdrop of the declining traditional businesses, including transaction of
letters and post cards, the India Post is now planning to take a new avatar,
with a budgetary support of over Rs 4,900 crore from the Union Government.
“In
the recent years post offices have started offering various services including
courier, parcel and others as the traditional businesses of Post Offices, like
letter and post cards were declining”, said the Union Finance Minister P
Chidambaram, after inaugurating India Post's first ATM in the country at
Chennai today.
In
the interim budget the Department was allocated Rs 4,909 crore to take up
various initiatives, including bringing all the post offices under the Core
Banking Solution (CBS), setting up new ATMs and others.
To
a question on what kind of services the post offices can possibly offer after
the complete IT transformation, Padmini Gopinath, Secretary, Postal
Department said, “literally every second or third village got post office
in the country. If somebody wants to buy a car and if we have tie-up with a
company, we will collect the application forms so that the car company can come
to know what would be the market demand. How much should I produce. This is
something wecan do.”
The
other area could be E-commerce, the industry need some body who candeliver in
rural areas. “We are ready to do, we have asked for application. We want to
bring all the centres (post offices) to come on board with the technology, then
we will look into it. By June it will be ready,” she said.
The
Department of Posts got around 1.50 lakh post offices across the country and 80
per cent of it are in rural areas. The Department is on par with courier in one
side and banks on the other sides. “Postal Department is the only one, which
does both the businesses,” said Padmini Gopinath, who noted the Department got
around Rs 28,000-30,000 crore deposits under its banking system.
So
far about 64 lakh accounts, worth Rs 11,840 crore, were migrated to Finacle in
the last two months, which represents 60 officers. It may be noted
pilot-in-pilot rollout of CBS was implemented in Greams Road Post Office in
Chennai on December 16, 2013. Commenting on ATM roll outs, she said, Chennai
was the first one get the Department's ATM and four more ATMs are ready for
operations, in Delhi and Mumbai.
The
Department is proposed to install 1,000 ATMs across the country in 2014 and add
another 1800 ATMs in 2015.
“We
are a bank which collects small savings unlike the commercial banks,we only do
savings and our customers are small people,” she said. She noted, all public
and private sector banks put together there are about 50,000 locations, but
post office are located across 150,000 locations and that is our USP and these
Post Offices also goto bligation to reach out to the last miles across the
country.
Source :
http://www.business-standard.com/
