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Showing posts with label BDC. Show all posts
Showing posts with label BDC. Show all posts

July 6, 2011

POST OFFICES TO OFFER CORE BANKING SOLUTION BY NEXT YEAR

Rajesh Kumawat | 21:06 | | Best Blogger Tips


In a major exercise to boost its profitability, the Department of Posts (DoP) plans to introduce core banking solution besides setting up India Post ATMs and debit cards for its customers.

"We have set target of bringing in core banking solution by 2012. It will ensure smooth online transactions. We are giving some e-payment services, but they are fragmented," a top official from Department of Post said.


            He added that the work for setting up 1,000 India Post ATMs was in advanced stage and DoP had already held parleys with vendors on this front. "We will also issue debit cards to our existing savings account-holders," the source added.

            The DoP is tying up with banks so that customers can use their India Post debit card at any ATM machine pan-India. With a network reach of over 1.44 lakh post offices, DoP hopes to transform itself into a post bank.

"Yes, this is very much possible. We are offering three-fourth of a bank's services and have the widest reach. The infrastructure is almost ready. In fact, we have given this proposal to the Ministry of Finance and are waiting for its comments," he added.

The lack of modern banking facilities in rural areas and dependence of villagers on informal sector for their credit requirements prompted government to establish a post bank. "The aim of establishing a post bank is to provide banking services to the rural poor who still do not have modern banking facilities and still have to depend on informal sector for their credit requirements," he said.

The Planning Commission had allocated Rs 5 crore during the 11th Plan period towards this purpose under the head of 'studies and miscellaneous expenditure relating to setting up of Post Bank of India'. The DoP with its huge network already provides various financial services, including a post office savings bank, postal life insurance, pension payments and money transfer services.

Source: moneycontrol.com. July 4, 2011

July 2, 2011

Procedure of delivery of Speed Post Articles.

MPIPASP | 21:46 | | Best Blogger Tips

 No.57-01/2010 -BD&MD 
Ministry of Communications & IT 
Department of Posts 
Business Development & Marketing Directorate 
Dak Bhawan, New Delhi- 110001 
01st June 2010
 The issues related to procedure of  delivery of Speed Post/EMS articles have been reviewed in Business Development & Marketing Directorate in order to streamline the delivery mechanism  so as to ensure a uniform standard of service across the country.  
It has now been decided that the following procedure would, henceforth, be adopted in respect of delivery of Speed Post articles as well as EMS articles received from abroad for delivery.  The instructions issued on the subject from time to time stand modified to the extent mentioned in this communication.

June 23, 2011

Post offices sell HMT watches

MPIPASP | 07:40 | Best Blogger Tips

As part of providing more diversified services to the public, the Department of Posts has entered into a pact with watch manufacturer HMT for retailing its watches through its post offices here.
As per the agreement, around 50 watch models between the price tag of Rs 395 and Rs 3,300 would be available.
An inaugural offer of 10-25% discount on select models had also been announced, an official release said.
The service would currently be available at Anna Road Head Post Office and at Chennai GPO, it said
Chennai City Postmaster General M S Ramanujan inaugurated the service and the first watch was bought by HMT Watches Managing Director S Paul Raj, the release added.
source
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After gold coins, it's watches for sale at post offices


PMG Chennai City Region M.S. Ramanujan checks out the HMT watches on display at the Anna Road HPO on Wednesday. PMG, Business Development Kulbir Singh (left) and HMT Ltd managing director S.Paul Raj are in the picture. Photo: K. Pichumani


Sale of HMT watches through post offices in the city was launched at the Anna Road HPO on Wednesday.
The decision of the Department of Posts to tie up with HMT Ltd, was taken following the overwhelming customer response to the sale of gold coins through post offices.
Besides Anna Road HPO, the watches would be sold at the Chennai GPO. Around 50 models of HMT watches in the Rs.395 to Rs.3,300 price range would be displayed at the two post offices. A discount ranging from 10 to 25 per cent on select models would be available till June 30.
Attractive partner
Inaugurating the sales at the Anna Road facility, Postmaster General, Chennai City Region, M.S.Ramanujan said that the department has been an attractive partner to work with because of its reach and network. As many as 600 people visit Anna Road HPO daily.
The agreement with HMT Ltd is part of the initiatives of the department to augment its revenue.
“This has been a successful venture in Bangalore for over a year now and has been replicated in Chennai. Based on the patronage, the sale of HMT watches would be launched in other post offices in Chennai in three months,” he said.

REACHING OUT TO CUSTOMERS

S.Paul Raj, Managing Director of HMT Ltd said the joint venture would help reach out to customers in even rural areas.
“We are planning to introduce watches for children and sportswatches in a few months. There are also plans to bring out watches with straps of different colours for women,” he said.
Kulbir Singh, Postmaster General (Business Development, Technology and Marketing) participated in the function.
Later speaking to presspersons, Mr.Ramanujan said about 120 kg of gold has been sold across the State in one year. Of this, 40 per cent sales were from Chennai region.



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