Indiapost Started Internet Banking.

India Post started Internet Banking in selected locations in continuation of migration to the CBS FINACLE, Core Banking Solution from Infosys.  In Tamil Nadu Circle Greams Road Post Office of Chennai City Central Division has been rolled out for CBS on 16.12.2013 for the first time and all other identified offices in pilot Circles will be migrated in coming days. The India Post Internet banking site can be accessed through URL   https://ebanking.indiapost.gov.in/

India Post draws up Rs 4,900-crore ATM network plan

In what could intensify competition in the banking arena, India Post has drawn up an ambitious Rs 4,900-crore plan to swamp the country with 2,800 automated teller machines (ATMs) in major centres and handheld micro-ATMs in 1.3 lakh rural branches by 2015.

Though the division under the ministry of communication has applied for a banking licence with the Reserve Bank of India, it has started the process of tying up with banks, Mastercard and Visa for rolling out its ATM services.

If the plans are implemented on time, India Post will have an outreach far superior than any single bank and would be in a better position to meet the government's financial inclusion plan.

"Irrespective of whether we get a banking licence or not, the expansion and modernisation drive will continue. We will have more than 2,800 ATMs by 2015 in major centres. In case of villages, we are planning hand-held micro ATMs in 1.3 lakh villages," an official told FE.

India Post will call a tender through request for proposal (RFP) for the micro-ATMs next month.

Last week, India Post rolled out a pilot project with core banking solutions in three post offices in Chennai. "All the three POs have migrated to CBS. We will keep rolling out similar facilities in other centres and by end of 2014, the entire country will be connected through CBS," the official said.

The entire expansion and modernization drive entails an investment of Rs 4,900 crore for which cabinet approval has already been taken. The funds will come from budgetary provisions.