"Government has initiated an ambitious IT driven project to modernize the postal network at a cost of Rs. 4,909 crore. Post offices will become part of the core banking solution and offer real time banking services. I propose to provide Rs. 32 crore for the project in 2013-14," said the FM in his budget speech.
Clear enough, the initiative will be a big shot in the arm of
CBS will empower us to go full fledged in banking services," said Mr. John Samuel, Chief Post Master General of J & K who also plays a vital role in visualizing
Moreover, manual operation of postal department versus electronic and cyber age core banking solution of all other banks have pushed
Beside the postal top brasses, "It is great for us too as now we can increase our service volume and earn even higher through postal services," said Mr. T K Das, a veteran postal savings agent.