Department of Posts News

The district consumer commission directed the DoP to refund fifty paise to the complainant and pay Rs 10,000 as compensation for mental agony, unfair trade practice and deficiency in service. 

PM Modi Hails India's 1st 3D-Printed Post Office: The Prime Minister took to X (formerly Twitter) and said, "Every Indian would be proud to see India’s first 3D printed Post Office in Cambridge Layout, Bangalore. 

The three companies in the partnership are aiming to bridge the financial ga by offering insurance products to the unbanked. Bajaj Allianz Life Insurance will sell Bajaj Allianz Life Smart Protect Goal and Bajaj Allianz Life Guaranteed Pension Goal. The former is a term insurance product while the latter is an annuity plan.

The zoo official said a single sheet costing Rs 300 will have 12 personalised stamps and that the visitors can select from different templates on which the stamps will be printed.

Post offices will now provide services such as employment registration centres for rural youth through National Career Services portal and will also be authorised to issue Aadhar-linked digital life certificates to EPFO pensioners.

Jaitley said that about 650 India Post Payments Bank branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned.

India Post Payments Bank has come into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations in 2017.

There were about 35 crore small savings accounts operational in post offices with deposits totalling nearly Rs 5 lakh crore in 2015-16, government said Wednesday.

The Department of Posts could not pay its service tax because of "unwarranted refusal" by the officials concerned who did not exercise their discretionary power in letting it pay the levy through cheque.

The Union Cabinet on Wednesday approved the Department of Posts (DoP) payments bank proposal involving a project cost of Rs 800 crore.

The Department of Posts (DoP) plans to open 1,000 ATMs and bring all 25,000 departmental post offices under core banking system by March this year.

The Department of Posts (DoP) is likely to start pilot project of its payments bank services in January at select location including Bihar.

The Department of Posts (DoP) is expected to seek Cabinet nod within two months for raising Rs 292 crore from public investment board to set-up payments bank, for which it has already got the RBI approval.

Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies.

There were only 236 post offices under core banking facilities, but after the current NDA government came to power last year, 2,590 post offices have now core banking facilities, he said.

There will be no job losses during transformation of the Department of Posts, Communications and IT Minister Ravi Shankar Prasad assured Friday.

The Department of Posts (DoP) will soon seek Cabinet approval for Rs 240 crore for setting up Post Bank of India.

The Department of Posts is incurring a loss of over Rs 7 per postcard and about Rs 5 per inland letter as the revenue earned is far lower than the actual cost.

The Department already has a tie-up with domestic e-commerce players such as Flipkart, Snapdeal, Amazon and Shopclues among others and for international e-commerce, the Department has entered into agreements with e-Bay and Japan Post.

The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence.