Wednesday 17 July 2013
LET THE POSTMAN TURN BANKER: INDIA POST DESERVES TO GET A BANK LICENCE
The biggest advantage for India Post, among the most enduring institutions set up by the British, is its huge network and customer base. Compared to roughly 1,00,000 commercial and rural bank branches in India, there are 1,55,000 post offices, a majority in rural and semi-urban areas. As a collector of small , it has experience in taking deposits â€” about Rs 6 lakh crore at last count â€” but not in lending. A for only would mean that the network of bank branches would more than double in one stroke.
DEPARTMENT PROPOSAL TO INTRODUCTION OF CIRCLE WELFARE FUND TO GDSs.
No. 19-31/2012-WL & Sports Dated at New Delhi the 12th July 2013
All the Head of Postal Circle
All the Heads of Postal Regions
Subjects: - Circle Welfare Fund for Gramin Dak Sevaks – Regarding.
This is regarding introduction of the Circle Welfare Fund for GDSs in all the Circles as part of the ‘One year initiatives of the Department of Posts,’ under the guidance of Hon’ble Minister of Communications and Information Technology. The draft Schemes of Circle Welfare Fund for GDSs formulated by the Directorate is enclosed herewith.