Department Of Posts

Department Of Posts News

India Post announces full-fledged entry into e-commerce; will leverage parcel business for end-to-end delivery of products
Business

India Post announces full-fledged entry into e-commerce; will leverage parcel business for end-to-end delivery of products

"We have simplified decision-making process at Department of Posts (DoP) by setting up a separate parcel directorate. It can make quick decision on parcel rates and related provisions. India Post will leverage its vast network for e-commerce services for doorstep delivery of products," Communications Minister Manoj Sinha said

India Post Payments Bank, Bajaj Allianz announce five-year partnership to sell insurance products on revenue share basis
Business

India Post Payments Bank, Bajaj Allianz announce five-year partnership to sell insurance products on revenue share basis

Under the partnership, India Post Payments Bank (IPPB) will facilitate customers to pay for Bajaj Allianz life insurance products through their accounts.

India Post Payments Bank goes live with Aadhaar-based account facility, doorstep delivery of services; all you need to know
Business

India Post Payments Bank goes live with Aadhaar-based account facility, doorstep delivery of services; all you need to know

Narendra Modi launched India Post Payments Bank (IPPB), which is aimed at strengthening financial inclusion by taking banking services to the unbanked rural areas.

Aditya Birla Idea Payments Bank becomes fourth entity of its kind to begin business in India
News & Analysis

Aditya Birla Idea Payments Bank becomes fourth entity of its kind to begin business in India

Payments bank are being promoted by the Reserve Bank to further financial inclusion by giving services such as small savings accounts.

Govt working on having one passport centre every 50 km across India: MJ Akbar
India

Govt working on having one passport centre every 50 km across India: MJ Akbar

"Passport is a right. It is not a gift. We are a democracy," MJ Akbar said while inaugurating the Post Office Passport Seva Kendra in Kolkata

Darjeeling, Siliguri to soon get Post Office Passport Seva Kendra
India

Darjeeling, Siliguri to soon get Post Office Passport Seva Kendra

Akbar said getting a passport was now a right and no longer a dream for every citizen, especially the poor.

Ministries of health, earth sciences may tie-up with India Post to offer weather, medical services
India

Ministries of health, earth sciences may tie-up with India Post to offer weather, medical services

The Ministry of Health wants the India Post to supply general medicines in remote and inaccessible areas of the country, the senior official said.

Digital transactions: Aadhaar-based cashless payment for postal services under study
Business

Digital transactions: Aadhaar-based cashless payment for postal services under study

A software had been developed for the purpose by the AP Technology Services and successfully tested at the General Post Office in Hyderabad.

PMO takes stock of postal department's progress on new proposals
India

PMO takes stock of postal department's progress on new proposals

DoP said GPS is being fitted in the outsourced and departmental vehicles to enable real-time tracking of parcel consignments.

India Post says open to partnerships for payments bank
Business

India Post says open to partnerships for payments bank

With 155,015 post offices across the country, of which 139,144 are in rural areas, India Post offers its partner a wider reach.

RBI paves way for banking revolution: 11 entities get nod for payments banks
Business

RBI paves way for banking revolution: 11 entities get nod for payments banks

Payment banks allow mobile firms, supermarket chains, and others to cater to individuals and small businesses.

Payments banks important step, to expand rural banking, says Jaitley
Business

Payments banks important step, to expand rural banking, says Jaitley

SBI, the country's largest lender, will take as much as 30 percent in RIL's proposed bank.

Govt loses Rs 7 per post card, Rs 5 for inland letters, says Prasad
Business

Govt loses Rs 7 per post card, Rs 5 for inland letters, says Prasad

In 2011-12 and 2012-13, there was a 3.3 percent and 5.2 percent fall in traffic of inland letters, while the same grew 1.1 percent to Rs 87.45 crore in 2013-14.

Money transfer firm Western Union renews tie-up with India Post
Business

Money transfer firm Western Union renews tie-up with India Post

The Department of Posts is among 41 entities and individuals who are in the race to enter the soon to be introduced payments banking domain.

E-Money order will be available across 70 percent post offices by December
News & Analysis

E-Money order will be available across 70 percent post offices by December

The Department of Posts is working on a plan to provide electronic money order service at 70 percent of its about 1.55 lakh post offices by December.

Grand post office makeover: Panel wants India Post to urgently start banking, e-tail
Economy

Grand post office makeover: Panel wants India Post to urgently start banking, e-tail

The report said that e-commerce could be the second largest activity after banking that DoP can foray into for emerging as one of biggest players in the world.

Modi joins football lovers, hopes sport becomes a 'bridge'
Sports

Modi joins football lovers, hopes sport becomes a 'bridge'

Modi released the stamps just before the month-long FIFA World Cup in Brazil got off to a start.

Why RBI's decision on a Post Bank of India is a slap for Finance Ministry
India

Why RBI's decision on a Post Bank of India is a slap for Finance Ministry

The Department of Posts has been trying to get the clearance of the finance ministry for some time now.

Post office savings bank ATM opened in Chennai
India

Post office savings bank ATM opened in Chennai

The country's first Post Office Savings Bank ATM was inaugurated in Chennai on Thursday by Finance Minister P Chidambaram as part of the government's Rs 4,909 crore IT modernisation scheme for the Department of Posts.

Post offices to adopt new technology by 2015: Chidambaram
India

Post offices to adopt new technology by 2015: Chidambaram

The project aims at increasing efficiency, quickening transactions and enhancing transparency at all 1.55 lakh post offices in the country.