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23 Jul 2024

FM Sitharaman Announces 100+ India Post Payment Bank Branches in North East

Earlier this year, India Post Payments Bank announced the attainment of a significant milestone, with eight crore customers now benefiting from its innovative and inclusive financial services.

06 Jan 2024

Post Offices Now Accepting Rs 2,000 Notes For Exchange, Confirms RBI

Apex bank declared its decision to withdraw the Rs 2,000 notes in May last year. More than 97.38% of the Rs 2,000 notes in circulation have been returned in May 2023. RBI has provided various alternative channels to exchange or deposit these notes.

Indian Railways

04 Feb 2018

Booking train ticket to be easier, Railways to set up more PRS counters across country

MoS for Railways Rajen Gohain had informed Rajya Sabha that Indian Railways plans to set up more PRS counters across the country.

21 Jun 2017

Demonetisation: Govt allows banks, post offices to deposit old bank notes with RBI

India`s cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14.

Income Tax department

26 May 2017

Banks, MFs should obtain identification nos for filing SFT

The Income Tax department on Friday said banks, mutual funds and financial institutions should obtain an identification number and file the statement of financial transaction (SFT) by May 31.

Cash Transactions

06 Apr 2017

Ban on cash dealings not applicable for bank, post office withdrawals

Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.

23 Nov 2016

Demonetisation: Old currency notes can be deposited in post office accounts, says Finance Ministry

The demonetised Rs 500 and 1,000 notes can be used for deposits in post office savings accounts, the Finance Ministry clarified on Wednesday.

23 Nov 2016

Remember! You have just one day - November 24 – to use your old Rs 500/1000 notes at public utilities

All those who want to spend their now defunct old currency notes of Rs 500 and Rs 1000 have time till November 24 midnight to use them at public utilities.

16 Nov 2016

Depositing cash over Rs 2.5 lakh? Banks, Post Offices will report it to Income Tax

The government has asked banks and post offices to report to the I-T Department all deposits above Rs 2.50 lakh in savings accounts, and more than Rs 12.50 lakh in current accounts, made during the 50-day window provided to tender the scrapped 500 and 1000 rupee notes.

12 Nov 2016

Post offices collect, exchange demonetised currency worth Rs 435 crore

Post offices across Maharashtra and Goa have collected as well as exchanged the demonetised currency notes worth around Rs 435 crore within two days, a senior official said on Saturday.

09 Nov 2016

DNA: Rs 500 & 1000 notes scrapped - Full guide on what to do at banks, ATMs

15 Aug 2016

Post offices to be converted into payment banks

Post offices across the country will be converted into "payment banks", Prime Minister Narendra Modi said on Monday.

PO savings accounts

10 Aug 2016

PO savings accounts near 35 crore; hold Rs 5 lakh crore deposits

There were about 35 crore small savings accounts operational in post offices with deposits totalling nearly Rs 5 lakh crore in 2015-16, government said Wednesday.

04 Jun 2016

India Post issues first My Stamp on ecommerce; features Amazon

India Post released the first 'My Stamp' on e-commerce featuring Amazon on June 3 to commemorate three years of its partnership with the e-tailer. "This is the first time that the Department of Post has released 'My Stamp' to commemorate a milestone with an ecommerce marketplace. The launch reinforces the Amazon and India Post relationship," Karnataka Circle Chief Chief Post Master General Usha Chandrashekar said in a statement.

Post Office savings

14 Mar 2016

Core banking facility available at over 20K post offices

Customers with Post Office savings can now operate their accounts from 20,106 branches as they have been connected with core banking facility, Telecom Minister Ravi Shankar Prasad said on Monday.

Department of Posts

12 Jul 2015

2,590 post offices have core banking facilities: Prasad

There were only 236 post offices under core banking facilities, but after the current NDA government came to power last year, 2,590 post offices have now core banking facilities, he said.

Department of Posts

22 May 2015

No job cut in transformation of Postal Dept: Prasad

There will be no job losses during transformation of the Department of Posts, Communications and IT Minister Ravi Shankar Prasad assured Friday.

31 Dec 2014

Now, saving A/c holders can get ATM-cum-debit cards issued by Post offices

Post offices can now issue ATM-cum-debit cards for savings account holders, as per a new amendment in the rules.

28 Nov 2014

Use rural banks, post offices for cooking gas subsidy, Modi urged

In a letter to Modi, text of which was released to the media here, the chief minister said: "In remote and rural areas, people may find it difficult to access nationalised bank branches."

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