India Post Will Have 650 Branches Operational by 2017: Government

With a corpus of Rs 800 crore, India Post plans to have 650 branches all over India.

Telecom Minister, Ravi Shankar Prasad said that all ‘grameen dak sevaks’ in rural post offices will be given handheld devices by March 2017. (Photo: iStockPhoto)

• The government cleared the proposal to set up India Post payments bank with a corpus of Rs 800 crore and has plans to have 650 branches operational by September 2017, Telecom Minister, Ravi Shankar Prasad said on Wednesday.
  
  
• The Minister said the payments bank will be professionally managed and will have a representation from various other government departments including the Department of Posts, Department of Expenditure, Department of Economic Services, etc.
  
  
• He said that all ‘grameen dak sevaks’ in rural post offices will be given handheld devices by March 2017. “We are reinforcing it further. I have had discussion with my officers to give iPad and smartphones to postmen in urban post offices,” Prasad said.