Scroll Text

........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... # Stay at home, be safe and extend support in fight against COVID-19 ......... .......

scroll text 2

......... .............. CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS .........................Shri Kamalesh Chandra Committee recommendations are being implemented from 01-07-2018 after the Cabinet approval on 06th June 2018....

MESSAGE FROM CHQ

Dear Comrade newly elected Divisional / Branch Secretaries of AIPEU-GDS -- PLEASE SEND YOUR POSTAL ADDRESS WITH PIN CODE, MOBILE NUMBER, E-MAIL ID THROUGH SMS TO ..09849466595.. OR BY E-MAIL TO >aipeugdsnfpe@gmail.com< IMMEDIATELY................... CRUSADER TO GRAMIN DAK SEVAKS (2nd Edition -2016) is ready and can place indent to AIPEU GrC (CHQ), NEW DELHI-8....... One copy Rs.225/- (560 pages) ..... Send e-MO for Rs.250/- to receive one copy of the Book by Regd. Book Paket..........

Sunday, July 19, 2020

India Post adds highest number of outlets in five years in FY19

India Post is entrenching itself further in Bharat (the hinterland) by stepping up network expansion to tap the rising demand for e-commerce and financial services.

As per its latest annual report (FY20), India Post (also know as the Department of Posts) opened 1,119 rural post offices (RPOs) in FY19, the highest in the last five years, against 815 in FY18 and 112 in FY17 .

As of March –end 2019 the RPOS and UPOS stood at 1,41,001 (1,38, 882 as of March-end 2018 and 15,559 (15,649), respectively.

So, as of March 2019, India Post with a net work of 1,55,600 post offices has a bigger on-the-ground presence across the country vis-à-vis the branches (1,45,426) of all scheduled banks put together.

Even though the India has the largest postal network in the world, there continues to be a  demand for opening of post offices, the postal department said.

The Department of Posts (DoP) wants to develop infrastructure, including post offices, and those relating to transportation and delivery of parcels/packets with online payment or cash on delivery, to extend the reach of the e-commerce industry to Tier II & III towns as well as to rural areas.
Payments Bank

The deposits (current account, savings account) of India Post Payments Bank’s (IPPB) as of December-end 2019 swelled to ₹527.15 crore from ₹94.40 crore as of March-end 2019, as per the report.

Each post office functions both as a postal outlet and an access point for the Payments Bank. IPPB was set up in 2016 as a public limited company with 100 per cent government equity under DoP.

The bank primarily focuses on serving social sector beneficiaries, migrant labourers, unorganised sector employees, Micro-Small and Medium Enterprises (MSMEs), low-income households, and the unbanked and under-banked segments in both the rural and urban areas.

IPPB’s product suite includes savings account and current account; money transfer; direct benefit transfer; distribution of third-party products; bill and utility payments; and enterprise and merchant payments


//copy//-POTOOLS