New Delhi, July 9 (KNN) The Reserve Bank is expected to grant payment bank licence to the postal department by September for operating Post Bank, Communications and IT Minister Ravi Shankar Prasad said today.
 
This will enable the network of 1,54,000 post offices (including 1,25,000 rural post offices) to offer banking services to the masses in the country, he said.
 
While there was core banking solution only in 236 post offices till NDA government came to power last year, the number of such facilities was extended to 2,590 post offices, he said.
 
DoP, he said, has changed its working style and achieved a turnover of Rs 500 crore in 5-6 months.
 
The centre's "Sukanya Samridhi Yojana", Postal Life Insurance, Jan Dhan Yojana and others were launched to empower the rural and poor people, he said, adding that "at least 52 lakh accounts have been opened under Sukanya Samridhi Yojana". (KNN Bureau)