There is cheerful news for the people who are having saving accounts and drawing pension. There is no need to stand in long queues in future because the postal department has decided to open ATM at its offices. As part of its trial run before making a full-fledged foray into banking, India Post will also set up ATMs at the head post offices in Mylapore, T Nagar and Tambaram and on Anna Salai.
Core banking services are provided by a group of networked bank branches, allowing customers to access their funds and conduct transactions from any of the member branches.
India Post will initially set up ATMs in the four head offices. Only India Post customers will be able to use the machines
Infosys is currently working on the final version of user acceptance tests of the core banking software for Chennai.