India Post trying to promote Post Office Usage
India Post plans to network 25,000 urban post offices by the end of this year and open 2,800 additional ATMs by March 2015. India Post is trying to increase business by pushing customers to open post office savings accounts upon maturity or early withdrawal of their small saving schemes. This comes at a time when its chances of securing a banking licence from the Reserve Bank of India (RBI) appear bleak due to inadequate infrastructure for banking operations.
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