Automated teller machines (ATMs) are no longer the
monopoly of the banking sector. A year ago, the Postal Department too
introduced the machine to its customers as part of a modernization
programme. The district will shortly join a select group of places in
the country to house ATMs of the department. In the
initial phase, ATMs will be installed at the GPO in the city and sub
post offices at Poojappura, Neyyattinkara, and Attingal. The facility
will be provided in some other post offices in the city and also at
Kottarakara, Alappuzha, Kottayam, Ernakulam, Thrissur, Palakkad,
Kozhikode and Kannur later. Work had commenced to set up the machines at
the GPO and Neyyattinkara.
Initially
the facility would benefit 11.77 lakh postal savings account holders in
the city and after the ongoing Core Bank Solution process initiated by
the department gets integrated with other banks, it would become
interoperable giving access to bank account holders too.The
core banking facility enables customers to operate their accounts and
avail themselves of account-elated services from any of the networked
post offices. It would also provide postal saving account holders online
banking and mobile banking facilities.
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| A model of the Automated Teller Machine centre to be opened by the Postal Department. |
Source: The Hindu
