1695 post offices to be under core banking system in J&K
These Offices including 263 Post Offices in urban/semi urban areas and 1432 Branch Post Offices in rural peripheries spread across Jammu and Kashmir and Ladakh
Srinagar: Department of Posts J&K Postal Circle is bringing its 1695 post offices under the Core Banking System by March 2023.
These Offices including 263 Post Offices in urban/semi urban areas and 1432 Branch Post Offices in rural peripheries spread across Jammu and Kashmir and Ladakh will be made available for interoperability between the post office accounts and the bank accounts.
It has been stated that Department of Posts, having a robust financial network in the country, is transforming the lives of the citizens not only in the cities but in the rural India by financial inclusion.
The declaration on interoperability between the Post Office accounts and the bank accounts has made the aspired “Anytime Anywhere Banking” a distinct probability by 31st of March-2023.
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