TN Posts Dept expects to add customers, as savings accounts may turn more user-friendly
The Hindu
An announcement in the Union Budget 2022 aims to cover all post offices in the country with the core banking system
The Department of Posts expects more customers to open new postal savings bank accounts at post offices, once the interoperability of postal and bank accounts is made possible.
The Union Budget 2022 had an announcement on ‘Anytime-Anywhere post office savings’ that aims to cover all post offices in the country with the core banking system (CBS) to help access to accounts through the internet and mobile banking and ATMs. This is also set to provide online transfer of funds between postal and bank accounts.
Everyone talks about the Airport Metro, but one look at the pillars and completion seems nowhere in sight. Meanwhile, a faster, cheaper, roomier alternative called the Suburban Rail Airport Corridor is finally getting off the drawing board. This dedicated corridor with its specialised coaches will link the airport to vast stretches of Bengaluru, where the metro connection is still years away.