Department of Posts Launches Core Banking Solution and Online Banking

Department of Posts Launches Core Banking Solution and Online Banking

Yes, Department of Post has launched Online Banking for its CBS account holders.

Apart from the basics viz ‘My Profile’, the following are the high level of India Post’s Internet Banking portal

Under Accounts:

1. Accounts Summary.
2. Savings accounts details.
3. RD account details.
4. PPF accounts details.
5. TD accounts details.
6. NSC Account details.
7. Loan on RD details.
8. Loan on PPF details.
9. Tax deducted at source details.

Under Transactions:

1. Manage Payee.
2. Manage Billers.
3. Initiate funds Transfer with in DOP.
4. Funds transfer outside DOP.
5. PPF account withdrawal.
6. View scheduled transactions.
7. Pay PPF Account/Repay Loan on PPF.
8. View recurring instructions.
9. Pay RD account instalment.
10. View All Transactions.
11. Repay Loan on RD.

Under General Services:

1. Mails.
2. Inquiry Facility.
3. Service Requests.

The basic requirement to access the DoP internet banking is to have an account at a CBS enabled Post Office. After that registration for internet banking service has to be done, and on the application being processed, visit your Base Post Office to collect the login credentials.