Tribune News Service

New Delhi, October 9

The government is working on setting up 650 India Post Payments Bank and gearing up to provide its financial services through all of 1.55 lakh post offices.

Speaking on the occasion of World Post Day, Minister for Communications Manoj Sinha today said Indian Postal Department is undergoing major transformation with changing times, be it the inter-operability of ATMs, core banking or providing of Passport Seva and Aadhaar enrolment.

He said so far 57 post offices are providing Passport Seva and soon 93 more will be added to the list.

Sinha also launched International Tracked Packet service designed specially to meet the cross-border requirements of e-Commerce sector in Asia-Pacific Region. He said, at the beginning, the service will be available to 12 countries and gradually the whole world will be covered.

This new service has many special features like affordable price, track and trace, volume discounts, pick up facility, compensation for loss or damage and, therefore, high value for money.

He said, with the launch of this service, the Department of Posts is set to start a new chapter of close collaboration between the post office and the business in India that want to reach to their customers abroad.

The Minister also launched e-IPO (Indian Postal Order) in the denominations of Rs 10, Rs 20, Rs 50 and Rs 100 as a pilot project in Bihar, Delhi and Karnataka and said in the next two months, the service will cover the entire country. Customers can purchase e-IPO online from one’s home or workplace, as per one’s convenience.