The Post Office Core Banking Solution (CBS) system is the largest in the world with 23,483 post offices already on this network.
India Post serves more than 50 crore Post Office Savings Bank (POSB) customers through 1.56 lakh post offices across the country. It has an outstanding balance of Rs 10.81 crore under POSB schemes.
All POSB accounts can be linked to the India Post Payments Bank (IPPB) accounts and can be operated through mobile app DakPay.
"Besides making services digitally accessible to people, we are focussing on doorstep delivery of services. This year we remitted Rs 900 crore money through around 85 lakh transactions and verified 3 lakh pensioners on their doorstep," Bisoi said.
India Post had to suddenly handle responsibility of delivery of essential articles during the lockdown when all the modes of transport were grounded.
The Department of Posts (DoP) started a national level dedicated 'Road Transport Network' on 56 routes touching 80 cities and carried approximately 15,000 bags containing 75 tonnes of parcels daily through the network.
"We now have a parcel handling capacity of 9 crore articles per annum. Average transit time of Speed Post reduced from 105 hours in July 2019 to 81 hours in February 2020," Bisoi said.
During the lockdown, the postal network carried over 10 lakh medical articles across the country, including boxes of medical equipment, ventilators, PPE kits and medicines.
Around 36,000 tonnes of material were delivered through postal channels which also include use of parcel trains.
Not only medicines, India Post also delivered Gangajal to 2.37 lakh homes between April-November 2020.
Bisoi further said the business of India Post was down during the first six month of the current fiscal but it is now getting back to normal.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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