A model of the Automated Teller Machine centre to be opened by the Postal Department.
Automated teller machines (ATMs) are no longer the monopoly of the
banking sector. A year ago, the Postal Department too introduced the
machine to its customers as part of a modernisation programme. The
district will shortly join a select group of places in the country to
house ATMs of the department.
In the initial phase, ATMs will be installed at the GPO in the city and
sub post offices at Poojappura, Neyyattinkara, and Attingal. The
facility will be provided in some other post offices in the city and
also at Kottarakara, Alappuzha, Kottayam, Ernakulam, Thrissur, Palakkad,
Kozhikode and Kannur later. Work had commenced to set up the machines
at the GPO and Neyyattinkara, Assistant Postmaster General, Kerala
Circle, K.V Vijayakumar told The Hindu. The machine would become functional within a month, he added
Initially the facility would benefit 11.77 lakh postal savings account
holders in the city and after the ongoing Core Bank Solution process
initiated by the department gets integrated with other banks, it would
become interoperable giving access to bank account holders too.
The core banking facility enables customers to operate their accounts
and avail themselves of account-elated services from any of the
networked post offices. It would also provide postal saving account
holders online banking and mobile banking facilities, Officer on Special
Duty, Kerala Circle, Ravindranath, said.
The department’s scheme of transferring money instantly through mobile
phone, he said, was getting good patronage with nearly 200 people using
the facility monthly. “When we launched the scheme a year ago, there
were not many takers. In the first three months, the number of people
opted to use the facility was below 10. Now, we were able to carryout
more than 200 transactions every month,” Mr. Vijayakumar said.