the India Story - Postal Financial Inclusion

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Post Office Savings Bank• Apart from the banking system, the Post offices in India also providecomprehensive financial services in the form of savings, deposits,s,insurance, and money remittance.• The Indian Postal Service with 1,55,016 post offices at end-March,2005 is the most widely spread post office system in the world• It has 160 million account holders with a deposit base of 2, 60,000000crore rupees. It is fully government owned, has the best Know YourCustomer information base, and enjoys great trust with the public.>>>>
• Post Office Savings Bank (POSB) functions under the GovernmentSavings Bank Act 1873 . It enjoys the status of Special Institutiontionunder the Banking Regulation Act 1949 and has been taking part inthe Clearing House as a member like other banksPreparation for the Future India Post to offer core banking services by 2011 Post office internet kiosks soon in rural post offices Post office as Mega Banking Correspondent
Page 2 and 3: Financial Inclusion : Definition“
Page 4 and 5: Inclusive Growth & Financial Inclus
Page 6 and 7: Inclusive Growth & Financial Inclus
Page 8 and 9: Population Per Bank Branch (SCBs)En
Page 10 and 11: Access to Savings AccountsSavingsNo
Page 12 and 13: No-Frills Accounts - Banks’ Progr
Page 14 and 15: • Number of Kisan Credit Cards -
Page 16 and 17: Financial Inclusion: The Way Forwar
Page 20 and 21: Financial Inclusion: India Post•
Page 22: Thank You

the India Story - Postal Financial Inclusion

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