lndia Post ventures into e-commerce, net banking

Minister of state for communications (independent charge) Manoj Sinha launched the e-commerce portal of the Department of Posts (DoP), that will provide an e-market place to sellers, especially to rural artisans, self-help groups, women entrepreneurs, state and central PSUs, autonomous bodies etc to sell their products to buyers across the country. 

The small and local sellers, who have been left behind in e-Commerce space will now, by leveraging the vast physical and lT network of DoP, be able to maximise their reach and retailing power. The buyers can access the products of their choice displayed by sellers on the portal and place online orders by making digital payments. The products will be shipped through Speed Post.

Sinha also launched the internet banking facility for Post Office Savings Bank (POSB) customers which are under Core Banking Solution (CBS). Now, around 170 million POSB accounts will be intra-operable and customers can also transfer funds online to RD and PPF accounts of post offices. This facility will help customers to carry out transactions without physically visiting post offices.

Sinha also launched the revamped website of lndia Post, which has a better look with features refurbished for easy access and is organised overall for better responsiveness across all devices, including mobile phones. The new website of the department is a step towards increasing the department's digital reach, a DoP release stated.

"These initiatives are in keeping with the Prime Minister Narendra Modi's vision of bringing governance to the doorstep of our citizens," Sinha said.

He also thanked the media for reporting and publicising the various initiatives of lndia Post like the Post Office Passport Sewa Kendra, Aadhar Centres, lndia Post Payments Bank and all the other citizen centric initiatives of the department.