India Post delivers cash worth Rs 412 crore in doorstep banking revolution

India Post

Creating a banking revolution during the lockdown, India Post has delivered cash worth Rs 412 crore at doorstep delivery. This service is provided by the department irrespective of the bank in which the holder has an account or a village without a branch. The person in need of cash just has to call the local post office and ask it to deliver cash. In as little as 10-15 minutes, the postman or postwoman will reach the person’s home. For availing this service, you need not have an account with the post office.

India Post

Between March 24 and April 23, post offices across India delivered Rs 412 crore in over 21 lakh such transactions, mostly in rural and unbanked areas, via a network of 1.36 lakh post offices which have been outfitted with 1.86 lakh handheld AePS devices.

“This has been made possible due to AePS facility of India Post Payments Bank (IPPB) through which one can withdraw money at the doorstep even if he or she has an account in any other bank,” said Pradipta Kumar Bisoi, secretary, department of posts.

Bisoi added that about two lakh postmen (and postwomen) are stationed in providing doorstep banking facilities to people. Besides, people can also make bill payments like electricity, water, DTH recharge and transfer money to any other bank or post office account either through IPPB app or through postmen, now.

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