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Indian Post to provide rural banking services across Orissa
Wednesday, May 27, 2009

Bhubaneswar: Furnishing address or residential proof in times of necessity like opening a bank account, applying for loans or getting a telephone connection has been a huge problem for those with transferable jobs, the ones living in rented accommodations and those having to shift frequently from one place to another. The photo Identity card of the postal department will  solve the problem and will serve as identity and residential proofs.

India Post also announced its tie-up with State Bank of India to provide rural banking services across the State. As many as 122 post offices would extend loan products as home loans, loan against property and gold mortgage, automobile loans, loans against term deposits, securities, Kisan Vikas Patra and National Savings Certificates as also non-agro SME loans, credit cards and kisan credit cards of SBI. The post offices would also be a source of saving accounts along with term deposit, recurring deposit and no frills account for the bank.

The service was launched by Member, Postal Services Board, New Delhi, Indra Krishnakumar and Chief Postmaster General, Orissa, SK Kamila during a State-level workshop for postal officials on promotion of its premium products.At first this new facility to be introduced in the post offices under  Bhubaneswar and Cuttack GPO , then it will be extended to other post offices of the state . The card would have all major features from bearing the photograph of the individual, having both the residential and official addresses, date of birth, blood group as well as signature of the holder. It would be issued by the postmasters of head post offices on application by individuals.

The addresses would be comprehensively verified by the public relations inspectors of the Department before issuing the cards. The application forms would be availed at Rs 10 and the fee prescribed for issue of identity cards is  Rs 240 , to be deposited in the post office.

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