September 25, 2012

Corrigendum to RFP for DPR for setting up of Post Bank of India and responses to clarifications

Ministry of Finance assured to provide Indian Post Office Consumers Internet Banking Facility within a year. Now, we all face the problem with Indian Post that we can't withdraw fund by ATMs, CBS facility.

In a major exercise to boost its profitability, the Department of Posts (DoP) plans to introduce core banking solution besides setting up India Post ATMs and debit cards for its customers. “We have set target of bringing in core banking solution by 2012. It will ensure smooth online transactions. We are giving some e-payment services, but they are fragmented,” a top offical from Department of Post said. He added that the work for setting up 1,000 India Post ATMs was in advanced stage and DoP had already held parleys with vendors on this front. “We will also issue debit cards to our existing savings account-holders,” the source added.
The DoP is tying up with banks so that customers can use their India Post debit card at any ATM machine pan-India. With a network reach of over 1.44 lakh post offices, DoP hopes to transform itself into a post bank. “Yes, this is very much possible. We are offering three-fourth of a bank’s services and have the widest reach. The infrastructure is almost ready. In fact, we have given this proposal to the Ministry of Finance and are waiting for its comments,” he added.

The lack of modern banking facilities in rural areas and dependence of villagers on informal sector for their credit requirements prompted government to establish a post bank. “The aim of establishing a post bank is to provide banking services to the rural poor who still do not have modern banking facilities and still have to depend on informal sector for their credit requirements,” he said.

The Planning Commission had allocated Rs 5 crore during the 11th Plan period towards this purpose under the head of ‘studies and miscellaneous expenditure relating to setting up of Post Bank of India’. The DoP with its huge network already provides various financial services, including a post office savings bank, postal life insurance, pension payments and money transfer services.

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Solutions for the general problems noticed in Update-3 to Meghdoot 7.0

Problem Noticed
Collation Errors while executing eMO script files
Please run the eMO.exl
Discrepancy in Generation of Voucher no. automatically while using Bank Remittance Option in Treasury Module when more than one remittance was made to the Bank on a particular day
Please run Treasury.exl
Sub Accounts
 Invalid Column name 'remittancedetails3'
Please replace the new
Sub Accounts exe
Error "Dly_Select_EVPForIssuingtoPostmen has too many arguments”
Please replace the new  Postman exe  and run eCounter.exl  
Script execution error  in offices where SQL 2000 is running
Please run Schedule.exl
error while operator logging into Despatch Application for the red bag entries clearance
Please replace the new Despatch.exe and run Counter.exl
RNet Client
Syntax Error at the time of HVMO List Preparation
Please replace the new RNet.exe
List of BPC/MBCs not coming for the Bag Receipt option
Please follow the below steps:
 1)Please run the RegisterNet.exl
2) Give request for office master and hub master.
3) After the receipt of the data, first upload the office master and then the hub master.
R Net communication
Error Message in the log file "internet connection is Unavailable due to internet connectivity.
Please replace the new
Error “Channel http is not registered with remoting services”
Please register RegisterCACft.exe

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