Modi’s New Year gift: With ATMs and all, ‘Post Bank’ is readying itself to serve the poor

Modi's_New_Year_Gift

Things are fast progressing for India Post’s grand entry to banking industry. As the latest step, on Tuesday, the NDA-government amended the Post Office Savings Bank General Rules, 1981 to permit select offices of Department of Posts to issue ATM cards to savings bank account holders and issue account statements, instead of the traditional passbooks. … Read more