India Post to issue 5 lakh new debit cards in next two months

India Post Payments Bank

1433330810_indiapostdebitcard013062015India Post is planning to issue 5 lakh new debit cards over the next two months, a according to report.

The Department of Posts (DoP) started started issuing the cards from last year. So far, 10,000 debit cards have been issued.

“We will start with issuing the cards from 2,600 large branches where core banking solution (CBS) has already been implemented,” India Post Deputy Director General L N Sharma said.

For now, these cards can be used at India Post ATMs only.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.