Post
Offices all over India are preparing for Core Banking Solution. Now India Post employees are frequently
saying or using one word i.e. “Migration” in all their conversations. Here migration means changing the POSB
platform from Sanchay Post to Finacle, Core Banking Solution (CBS) from Infosys.
India
Post started Migration to Core Banking Solution by the end of 2013. The first
migration was happened on 16.12.2013 at Greams Road S.O under Thygarayanagar HO
in Chennai City Region of Tamil Nadu Circle.
Now
Post Offices from all 22 Postal Circles have been included in the migrated
list. Total of 12150 Post offices
including 805 Head Post Offices and 11345 Sub Offices have been rolled out for
CBS until now. All Post Offices in
India will be migrated to CBS by the end of March 2016.
Compared
to nationalised banks that switch over to CBS in earlier stage especially SBI,
the migration process of India Post was very speedy and it was within the time
frame work. You can read the
process of CBS implementation in SBI in my post Success story of CBS implementation in State Bank of India.
Following
table shows the status of CBS migration in India Post up to 01.01.2016
The account wise count and total deposit value of migrated offices are shown in the following table.
SL
|
Name of the Circle
|
HO
|
SO
|
Total
|
1
|
Andhrapradesh
|
95
|
443
|
538
|
2
|
Assam
|
19
|
393
|
412
|
3
|
Bihar
|
32
|
204
|
236
|
4
|
Chhattisgarh
|
9
|
75
|
84
|
5
|
Delhi
|
12
|
261
|
273
|
6
|
Gujarat
|
34
|
447
|
481
|
7
|
Haryana
|
16
|
97
|
113
|
8
|
Himachal Pradesh
|
16
|
96
|
112
|
9
|
Jammu & Kashmir
|
8
|
30
|
38
|
10
|
Jharkhand
|
13
|
97
|
110
|
11
|
Karnataka
|
58
|
1441
|
1499
|
12
|
Kerala
|
51
|
276
|
327
|
13
|
Madhya Pradesh
|
43
|
419
|
462
|
14
|
Maharashtra
|
61
|
1336
|
1397
|
15
|
North East
|
8
|
17
|
25
|
16
|
Odisha
|
35
|
347
|
382
|
17
|
Punjab
|
22
|
156
|
178
|
18
|
Rajasthan
|
48
|
1187
|
1235
|
19
|
Tamilnadu
|
94
|
2120
|
2214
|
20
|
Uttarakhand
|
13
|
66
|
79
|
21
|
Uttarpradesh
|
72
|
1460
|
1532
|
22
|
West Bengal
|
46
|
377
|
423
|
Total
|
805
|
11345
|
12150
|
The account wise count and total deposit value of migrated offices are shown in the following table.
Passbook
|
Number of accounts
|
Balances
|
SB SANCHAYKA – PRODUCT GROUP
|
58200
|
151550534.6
|
SB – BASIC
|
6479390
|
2283966528
|
SB – GENERAL PRODUCT
|
71082577
|
362772880745.33
|
SBDIGP
|
1277607
|
1827625258
|
SB – PENSION GROUP
|
491882
|
6183144023
|
SSA
|
3891743
|
27236082762
|
NSS -87
|
178371
|
33785434584
|
NSS -92
|
37219
|
4124900438
|
PPF
|
1968383
|
553317636998
|
PPF LOAN A/C
|
4853
|
87843930
|
RD
|
58122359
|
611423824807
|
RD LOAN A/C
|
844757
|
7566886862
|
MIS
|
9445398
|
980706536317
|
SCSS
|
643571
|
164798735156.00
|
TD
|
7570351
|
289590697709.00
|
DISCONTINUED PRODUCTS
|
325442
|
6156712978.47
|
TOTAL - Passbook
|
162422103
|
3052014459629.53
|
Certificates
|
||
KVP
|
71782741
|
635831980368
|
NSC 8th ISSUE
|
96432341
|
560049075782
|
NSC 9th ISSUE
|
5561210
|
43196577400
|
TOTAL - Certificates
|
173776292
|
1239077633550.00
|
GRAND TOTAL
|
336198395
|
4291092093179.53
|
(Count and balances as on 01st January 2016)
|
33.61 Crore
|
429109.20 Crore
|
The
detailed list of Post Offices that have been migrated to CBS can be seen from
the following link.
This is very good job .. I have started using my account from the networked branches , Waiting for the Internet banking facility
ReplyDeletecan we get city wise details of cbs implemented solution in post office.
ReplyDeleteI want to know about hisar HO. Is it cbs implemented?
Sir my saving a/cin meerut head post office how can i withdrawal money in disst rudraprayag u.k please suggest me
ReplyDeletePlease display the names of the CBS facilities under Post Office in Assam which is a basic thing and not even available till date.
ReplyDeletePost the list of PO where CBS is available and hv started working.
ReplyDeletePost the list of PO where CBS is available and hv started working.
ReplyDelete