326 post offices migrate to core banking system
Posted on: 05/Oct/2015 12:00:51 PM
Indian Postal officials have mentioned that 326 post offices in Chennai region have migrated to core banking system.
Throughout the country, the Indian Postal Department is making efforts in top gear to convert all post offices into core banking system. The Central Government had introduced Anywhere and Anytime Banking project at a cost of Rs 800 Crores. In the year 2013, 16th December first core banking was introduced in the post office in Greams Road. Now 1000 post offices all over Tamil Nadu have migrated to core banking system. CBS enables customers to operate their accounts, and avail banking services from any post office on CBS network, regardless of where they maintain their account. The customer is no more the customer of a particular post office.
