INSUBCONTINENT EXCLUSIVE:
Around 17 crore post office savings accounts will be intra-operable, the statement said.New Delhi: Communications Minister Manoj Sinha on
Friday launched the internet banking facility for Post Office Savings Bank (POSB) customers who are under Core Banking Solution
The Minister also launched e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector
units to sell their products
"The primary objective is to provide a medium to sell products for small artisans
However, anyone who wants to sell their product can sell on the site
We have not set any limitation," Sinha said, adding that unlike other e-commerce players, the India Post service will be able to pick up and
deliver products in over 1.5 lakh places through its well spread out network."The Portal will provide an e-market place to sellers
especially to rural artisans, self-help groups, women entrepreneurs, state and central PSUs, autonomous bodies to sell their products to
buyers across the country," a Communications Ministry statement said.The products will be shipped through the postal department's Speed Post
service, it said.Sinha, speaking to reporters after the launch, said a separate parcel directorate has been formed which is empowered to
decide on the rates of parcel and other related issues.Secretary of Department of Posts Ananta Narayan Nanda said the newly launched online
market place would also have the policy to return products by a customer.Further, the department has made registration of sellers on the
online to RD (Recurring Deposit) and PPF (Public Provident Fund) accounts of post offices," said the statement.
