In anticipation of getting a banking licence from the
Reserve Bank of India, the Department of Posts will roll out its own ATMs, with
the first of them set to be functional on February 5 across three cities.
The currency dispensers are being launched for the
Department’s more than 26 crore savings bank account holders.
“The first of the ATMs would be rolled out simultaneously
in New Delhi, Chennai and Bangalore,” Kapil Sibal, Minister for Communications
and IT, said, after inaugurating a data centre for the postal department.
Following which, the postal department is planning to
rollout 3,000 ATMs. About 1,000 machines would be introduced in the first year.
The remaining 2,000 would be rolled out within six months to one year after the
initial phase of rollout.
The department would also rollout 1.35 lakh micro ATMs,
thereby empowering its rural post offices across the country, secretary,
Department of Posts, Padmini Gopinath said.
According to Gopinath, the Reserve Bank of India permits
companies to operate ATMs in a “closed loop”, and depending on its success the
regulator would provide interoperability with other banks.
“We are expecting RBI to provide us inter‐operability in six months after commencing the closed
loop operations,” Gopinath added.
Data centre
Earlier, the minister inaugurated a new data centre for Department of Posts, jointly setup with Reliance Communications at the telecom company’s corporate headquarters in Navi Mumbai.
Earlier, the minister inaugurated a new data centre for Department of Posts, jointly setup with Reliance Communications at the telecom company’s corporate headquarters in Navi Mumbai.
The 3,500 square feet data centre can house 80 racks and
has a capacity of 250 terabytes. It also has a 250 TB disaster recovery centre
in Mysore.
“This is the milestone in
the modernisation programme of the postal department, with services such as
insurance, savings bank, speed post and money order all being computerised,”
Sibal added. Source: BusinessLine
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