Odisha's first postal ATM opened in Bhubaneswar

Tilak De, chief postmaster general of Odisha Postal Circle, inaugurated the first postal ATM in Bhubaneswar on Monday.

The second postal ATM in the state was also inaugurated at the Cuttack GPO yesterday. In Puri, the service will be launched on Thursday. Rourkela and Sambalpur will have the facility by the end of next week.

The two units will provide the same services as normal ATMs for savings account holders in post offices. The postal department has plans to open 44 ATMs in the state in the 2015-16 financial year and would link them with commercial banks soon.

Customers can use the ATM to withdraw cash, obtain a mini-statement and check their account balance. At a time, one can take out a maximum of Rs 40,000 from the ATM.

The ATM services aim at revamping Core Banking Solution (CBS) network in Department of Posts. Since its commencement in December last year, the department has operationalised 36 CBS post offices in the State.

The postal department has also plans to link Postal Life Insurance service with core banking solutions. As a result, people can pay premiums online and check their policy status. The department will also roll out core insurance solutions, official sources said.