Wednesday, December 31, 2014
Now, post offices can provide ATM cards, account statements
Post offices moved a step closer to
becoming banks. The government has allowed certain eligible branches to issue
ATM cards to their account holders and also account statements instead of
giving out passbooks, as most private sector banks do.
On Tuesday, the government issued a
gazette notification amending the Post Office Savings Bank General Rules, 1981.
The rules will come into force immediately. These facilities will be available
to the branches that are working on core banking solution software, essentially
branches that part of an electronic network.
Post offices currently provide
savings account, recurring deposits, fixed deposits and many other small
savings schemes run by the government including the popular Public Provident
Funds.
The funds raised by them largely go
to finance central and state governments. India post currently has about 1.55
lakh branches, nearly 90% are in the rural areas, which many experts see as a
good vehicle for financial inclusion. The notification says the post office
savings bank could issue automated teller machine or debit card to account
holders on request or otherwise which can be used to withdraw funds from any of
the branches having core banking.
The deposits to these accounts
could be made and accepted through any electronic mode. The RBI had decided
against issuing a banking licence to India Post when it gave out licence to IDFC
and Bandhan Financial Services saying it would decide after consultation with
government. The new rules notified by the government will push India Post
closer to banks.
Source : The Economic Times
Conducting of Limited Departmental competitive Examination for promotion of Lower Grade Officials to the cadre of Postal Assistants/ Sorting Assistants for the year 2014 held on 23-11-2014 - display of Provisional Key - Regarding
Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Second Amendment Rules, 2014
The Lokpal and Lokayuktas Act,2013- Submission of Declaration of assets and liabilities by the Public servants under section 44 of the Lokpal and Lokayuktas Act,2013- extension of last data for filing of revised returns by Public servants who have filed property returns under the existing service rules- regarding
Tuesday, December 30, 2014
1) Clarification regarding issue of medicines under CGHS 2)Change in date of birth/age of family pensioners for payment of additional pension
1)Meeting with Sri. Ravi Shankar Prasadji, Hon'ble Minister for Communications & IT 2)Declaration of assets by Public Servants under Lokpal: Removal of Difficulties Order Notification by DoPT
SB Order No 13/2014 : Grant of Savings Bank allowance to Postal Assistants working in Savings Bank / Certificate Branches - Clarification - reg
Sunday, December 28, 2014
Subscribe to:
Posts (Atom)
