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Indian Post offices now converting into CBS

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 Indian Post offices now converting into CBS

Dear Friends, Indian Postal service now converting into CBS,

Government informs in Lok Sabha that more than 21,000 post offices are converted into Core Banking Solutions. Its biggest network in the world. By next March, 1,40,000 postmen are being provided with handsets for processing transactions offsite and online. Payment Bank of post office is being launched. Top 50 banks in the world are showing interest in using the services of post. The system will be thrown open for e- Commerce platform also. Newest up will be three times the set up of present banking system. The system shall not have any NPA issues.

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