Union Government of India Decided to Bring All Post Offices under Core Banking System

Oct 15, 2013 11:45 IST

The Union Government of India on 15 October 2013 decided to bring all the post offices across India under the core banking solution system to cover more people of rural areas with AADHAAR seeded accounts.

The Adviser to the Planning Commission, Nidhi Khare explained that this will help the people to avail the benefits of various schemes including old age pension and MGNREGA through direct benefits transfer. Deputy Director General of UIDAI, Ashok Pal Singh, in context with the legality of AADHAR card explained that AADHAAR card can be used as an identity as well as a residential proof for opening bank accounts of any individual.

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Read more Current Affairs on: Post Offices , Core Banking Solution System , Banking , AADHAR

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