Postal Department invited Expression of Interest from the Bidders to submit detailed
Project report to Create Post Bank Of India. The last date for submitting the
applications are 24/05/2012 and the bids will be opened on 25/05/2012. In the
tender document, it is clearly mentioned the objectives for setting up the Post
Bank Of India which are as follows:
(i) Provide banking
which means the accepting, for the purpose of lending or investment, of
deposit of money from the public, repayable on demand or otherwise, and
withdrawal by Cheque, draft, order or otherwise. PBI will be engaged in various
types of banking as mentioned in Section 6 of the Banking Regulation Act, 1949.
(ii) Provide
banking services with special focus on rural areas.
(iii) Provide means of
additional revenue generation for the DOP.
(iv) Ride on the Core
Banking Solution which is proposed to be provided in all the post offices.
(v) Provide a
platform for financial inclusion.
(vi) Provide higher
order value added services to over 250 Million existing Post Office Savings
Bank account holders.
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