India 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.
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