Jharkhand govt to set up micro ATMs with India Post
Updated: Feb 10, 2014 04:46:09pm
Ranchi, Feb 10 (KNN) With a view to improving financial inclusion, Jharkhand government plans to set up micro ATMs, the handheld devices to be operated at the post office level, in partnership with India Post.
The initiative is being taken by Jharkhand Agency for Promotion of Information Technology (JAPIT) under the Department of Information Technology to promote financial inclusion.
In order to fully realize the benefit of the Direct Benefit Transfer Initiative, counterpart initiative of Aadhaar Enabled Payment System has been launched for those having accounts in banks, where through Hand Held Terminals, known as Micro-ATMs, using Aadhaar as the authentication platform, payment is possible at the door steps of the beneficiary through the Agency of Business Correspondents.
Unlike commercial banks' machines, however, access to the India Post ATMs will be limited to holders of post office savings accounts.
The micro ATM will support financial transactions like deposit; withdrawal; funds transfer; and balance enquiry.
“Although Post Offices are serving rural people at such a large scale, the banking facilities are not in-line with the facilities provided by Banks,” said a statement by JAPIT.
As per direction under Financial Inclusion from Government of India, Banks are providing banking facilities to rural population at their door step through Bank Correspondents who deliver the services at village level by using Micro ATMs, it added.
In this context, JAPIT has invited bids to commission and maintain the micro ATMs across the state.
As per current scenario of India, Department of Post has the maximum reach-ability to rural population. They are one of the largest de-facto banking facility providers to rural India. In Jharkhand, 7 postal divisions cover 24 districts. Out of total 4423 Gram Panchayats (GP) in Jharkhand, 2544 GPs have BOs (Branch Post Offices) and rest 1879 GPs are being served through rural sub offices known as PSSKs (Panchayat Sanchar Seva Kendras). There are 13 HOs (Head Post Offices), 454 SOs (Sub Post Offices) and about 2643 BOs (Branch Post Offices). (KNN/SD)
The initiative is being taken by Jharkhand Agency for Promotion of Information Technology (JAPIT) under the Department of Information Technology to promote financial inclusion.
In order to fully realize the benefit of the Direct Benefit Transfer Initiative, counterpart initiative of Aadhaar Enabled Payment System has been launched for those having accounts in banks, where through Hand Held Terminals, known as Micro-ATMs, using Aadhaar as the authentication platform, payment is possible at the door steps of the beneficiary through the Agency of Business Correspondents.
Unlike commercial banks' machines, however, access to the India Post ATMs will be limited to holders of post office savings accounts.
The micro ATM will support financial transactions like deposit; withdrawal; funds transfer; and balance enquiry.
“Although Post Offices are serving rural people at such a large scale, the banking facilities are not in-line with the facilities provided by Banks,” said a statement by JAPIT.
As per direction under Financial Inclusion from Government of India, Banks are providing banking facilities to rural population at their door step through Bank Correspondents who deliver the services at village level by using Micro ATMs, it added.
In this context, JAPIT has invited bids to commission and maintain the micro ATMs across the state.
As per current scenario of India, Department of Post has the maximum reach-ability to rural population. They are one of the largest de-facto banking facility providers to rural India. In Jharkhand, 7 postal divisions cover 24 districts. Out of total 4423 Gram Panchayats (GP) in Jharkhand, 2544 GPs have BOs (Branch Post Offices) and rest 1879 GPs are being served through rural sub offices known as PSSKs (Panchayat Sanchar Seva Kendras). There are 13 HOs (Head Post Offices), 454 SOs (Sub Post Offices) and about 2643 BOs (Branch Post Offices). (KNN/SD)
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