Union Budget 2022 | All post offices to come under core banking system
The Hindu
This will be helpful for farmers, senior citizens in rural areas, says Finance Minister
To ensure Anytime – Anywhere Post Office Savings, the government on Tuesday said that in 2022, 100% of 1.5 lakh post offices would come under the core banking system enabling financial inclusion and access to accounts throughnet banking, mobile banking, ATMs, and also provide online transfer of funds between post office accounts and bank accounts.
“This will be helpful, especially for farmers and senior citizens in rural areas, enabling inter-operability and financial inclusion,” Finance Minister Nirmala Sitharaman said in her Budget speech.
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