Post Offices are going to function as Commercial Banks. Postman are going to act as mini ATM. Pensioners & account holder will get benefited
All citizens, especially 40% of the country’s population that is outside the ambit of formal banking in the country will benefit from this project.
The provision of reviewing of results of failed SC/ST candidates in Departmental Examinations has been revisited by the Postal Services Board and it is decided to withdraw this scheme
Department of Posts clarifies to All India Gramin Dak sevaks Union (AIGDSU) that Gram Dak Sevaks are eligible for New Service Discharge Benefit Scheme (SDBS) utilizing the platform of the “NPS-Lite” Scheme of the Pension Fund Regulatory and Development Authority (PFRDA)
Indian Postal Department to start Banking Operations. India Post has submitted a proposal before Public Investment Board (PIB).& PIB discussed the Rs 800-crore proposal from the India Post for setting up a payments bank and the final approval on the same is expected in the next meeting.