The Government has said that 1.55 lakh post offices across the country are being modernized and they will soon become multipurpose outlets providing facilities like banking and insurance. "We are applying to the RBI for a licence to start banking facilities at all the post offices across the country." Union Minister of State for Communication and Information Technology Sachin Pilot told reporter here. Pilot,who launched several new initiatives yesterday, said the post offices would also provide other facilities like insurance." These facilities at the post offices will largerly benefit the rural population of the country", he added.
Source: Tribune News Service