Communication and IT Minister Ravi Shankar Prasad has said that customers with Post Office savings can now operate their accounts from more than 20 thousand branches as they have been connected with core banking facility. In a tweet, Mr Prasad said, only about 230 such branches were there in May 2014 and now it has touched 20 thousand one hundred and six.

Implementation of Core Banking Solution is part of the IT Modernization Project of the Department of Posts that aims to bring in various IT solutions with the required IT infrastructure to the post offices. Department of Posts has decided to implement Core Banking Solution in all departmental post offices including provision of ATM and Internet banking facilities.

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