postal Department
21:24
Showing posts with label postal Department. Show all posts
Showing posts with label postal Department. Show all posts
Thursday, 27 September 2018
Monday, 12 March 2018
uidai
07:34
Bank Employees News: Aadhaar work to expose bank employees to risks: C H Venkatachalam
Bank Employees News: Aadhaar work to expose bank employees to risks: C H Venkatachalam
The facility of issuance of Aadhaar card from certain bank branches will increase the work pressure on the employees and expose them to avoidable risks and accountability, according to bank employees association.
This work does not fall under the jurisdiction of banks and is not the job of banks and bank employees, said C H Venkatachalam, general secretary, All India Banks Employees Association (AIBEA), in a letter dated March 1, 2018.
“Bank employees in many branches are facing undue work pressure due to inadequate staff and already many services of the government departments have been put on the shoulders of the banks. Adding these (Aadhaar) type of jobs will create more work pressure and expose the employees to avoidable risks and accountability,” he said in a letter to the chief executive of Indian Banks’ Association.
Venkatachalam referred to a letter dated October 19, 2017, with regard to instructions given by bank managements advising employees to undertake work in relation to issuing Aadhaar cards to the public.
We were given to understand that the matter is being pursued with the finance ministry and UIDAI (Unique Identification Authority of India) but we haven’t heard anything so far, he said, requesting that the matter be taken up with appropriate authorities suitably.
“We are advising our members in the concerned banks not to undertake this work,” he said.
A few months back, UIDAI, the Aadhaar-issuing authority, ended its contract with CSC e-Governance Services and other third-party private agencies for enrollment and updation of Aadhaar cards after issues of leakage of data.
Subsequently, post offices and banks have been asked to undertake the work, apart from government offices. Certain bank branches have formed special cells for Aadhaar enrollment.
Dinesh Kumar Tyagi, CEO, CSC e-Governance Services, in a recent interview with DNA Money had strongly refuted the allegations saying CSCs have nothing to do with the leak of the Aadhaar data.
Source:DNA
Monday, 12 February 2018
RTGS
18:35
India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018
India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018
India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018. No decision has been taken to revise the timelines as reported in some sections of the media on Tuesday, 06th February 2018. Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and GraminDakSewaks (GDS). IPPB will also enable more than 17 crore active account-holders of Post Office Savings Bank to make interoperable digital payments including the benefit of NEFT, RTGS, UPI and bill payment services. Additionally, the IPPB will enable acceptance of digital payments across post offices in the country in line with the digital payments initiative of the government.
Source:PIBNEWS
Thursday, 6 April 2017
Supreme Court Order
19:16
SUPREME COURT VERDICT IMPLEMENTED - PROMOTION THROUGH COMPETITIVE EXAMINATION SHOULD NOT BE COUNTED AS MACP
SUPREME COURT VERDICT IMPLEMENTED - PROMOTION THROUGH COMPETITIVE EXAMINATION SHOULD NOT BE COUNTED AS MACP
Source:FNPO
retirement
19:02
FNPO's appeal to grant MACP to all eligible officials/retirees without any difference in accordance with SLP 4848/2016 dt 16-08-2016 .
FNPO's appeal to grant MACP to all eligible officials/retirees without any difference in accordance with SLP 4848/2016 dt 16-08-2016 .
Source:FNPO
Sunday, 22 January 2017
postal Department
07:31
Aurangabad division’s first postal bank coming up at Juna Bazar
Aurangabad division’s first postal bank coming up at Juna Bazar
AURANGABAD: Aurangabad division's first bank of postal department is coming up at Juna Bazar in the city. It will be operational in April 2017 and offer all banking facilities accept loans and credit cards.
S S Lingayat — assistant Director postal services - confirmed the development and said the new bank is coming up on 1100 square feet space in the premises of Juna Bazar post office.
"Customers may open saving and current accounts in the banks quite similar to that of accounts in nationalised and private sector banks," he said.
The Aurangabad division of the postal department comprises of eleven districts including Jalna, and Parbhani among other districts.
For the past few months, the postal department is launching various initiatives apparently to prepare grounds to make its foray in banking sector effective. Last year, the Aurangabad head post office had rolled out the facility of core banking solution (CBS) service benefiting more than one lakh account holders
Source:Times Of India
Saturday, 14 January 2017
TamilNadu
19:00
Selected Post office will use POS machine soon
Selected Post office will use POS machine soon
In keeping with the times, the Department of Posts too will soon use PoS machines for cash transactions in select post offices across the State.
As of now, the Centre has sanctioned about 1,000 PoS machines to be distributed for post offices across the country. Of this, nearly 120 PoS machines for processing credit and debit cards payments will be provided to post offices across the State during first phase.
Several counter transactions, including booking of registered parcels, money orders and speed posts, are being carried out through cash. Last year, post offices made nearly 12,000 instant money order transactions in Tamil Nadu circle.
While States, including Gujarat and Kerala, are expected to begin using PoS machines in mid-January, measures are being taken to deliver equipment to other places. Officials of the postal department said that initially four post offices — Anna Road head office and General Post office, Rajaji Salai, Chennai and one each in Madurai and Tiruchi region — would be provided with PoS machines as a pilot project.
Postal customers welcomed the move as it would ease the burden of carrying cash after the demonetisation scheme.
Many customers like R. Meenakshi, a resident of Thiruvanmiyur, said booking parcels at post offices is often difficult as she has to pay cash.
“I sometimes even spend Rs.8,000 to send parcels abroad. If post offices can have swipe machines, I don’t have to wait at ATMs to withdraw cash,” she said.
The department has partnered with State Bank of India for operation of PoS machines. Customers who have postal saving banks accounts can also recharge and use SBI buddy, a mobile wallet application soon.
Source:DOP
Wednesday, 28 December 2016
postal Department
16:09
National Union Of Postal Employees Federation forwarded the letter received from NUPE IV to The CPMG, Tamilnadu Circle for necessary action.
National Union Of Postal Employees Federation forwarded the letter received from NUPE IV to The CPMG, Tamilnadu Circle for necessary action.
Source:FNPO
Monday, 14 November 2016
Reserve Bank of India
08:15
Ministry Of Finance: Availability and Distribution of all Denominations of bank notes
Ministry Of Finance: Availability and Distribution of all Denominations of bank notes
Finance Ministry reviews the position regarding availability and distribution of all denomination of bank notes in different parts and regions of the country; Issuance of the new series of Rs. 500/- notes commenced; Instructions issued to the Banks and Post Offices to ensure proper distribution of all denomination notes including small denominations up to the last mile including through mobile banking vans and Banking Correspondents (BCs).
The Union Finance Ministry today reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows:-
1. In the first four days ( from November 10th to 13th , upto 5 pm ) about Rs 3.0 lacs crores of old Rs.500/- and Rs.1000/- bank notes have been deposited in the banking system and about Rs.50,000 crores has been dispensed to customers by either withdrawal from their accounts or withdrawal from ATM’s or by exchange at the counter. Within these four days, the banking system has handled about 18 crore transactions.
2. Coordination is being continuously done by Ministry of Finance with RBI, Banks and Post Offices to make all denomination notes available at all locations.
3. Instructions have been given to the Banks and Post Offices to ensure proper distribution of all denomination notes. Banks have also been especially advised to ensure the availability and distribution of small denomination notes.
4. Chief Secretaries of the States have been requested to identify the rural pockets, if any, where availability of cash has been a problem and provide all support to the Banks and Post Offices in order to ensure the last mile distribution of small denomination of notes is done through mobile banking vans and Banking Correspondents (BCs).
5. It has been reported that certain business houses viz. Hospitals , Caterers , Tent houses etc. are not accepting Cheques/Demand Drafts and online payment transfer from customers. It is advised that in such cases customer can make a complaint to the concerned District Magistrates/District Administration for action against such establishments.
6. Government of Assam has arranged a Mobile Banking Vans with support of Banks and State Government Staff at certain Hospitals for carrying out emergency banking transactions. All Banks have now been advised to arrange mobile banking vans to the extent possible at major hospitals to carry out emergency banking transaction for patients.
7. Banks have been advised to make arrangements for separate queues for Senior citizens and Divyang persons. Separate queues will also be arranged for exchange of cash to cash and transactions against Bank accounts.
8. Government of Arunachal Pradesh has made special arrangements like cash deposits /withdrawal and opening of new bank accounts in the remotely located areas with the help of Banks and State Government staff. State Governments have been requested to facilitate opening of new Bank accounts as a part of financial inclusion programme.
9. The issuance of the new series of Rs.500/- notes has already commenced.
10. Banks have been advised to increase the Business Correspondents limit of dispensing cash to Rs.2500/- for withdrawal from bank accounts.
11. Banks have been advised to increase the exchange limit over the counter from the existing Rs.4000/- to Rs.4500/-.
12. Banks have been advised to increase the Cash Withdrawal limit at ATMs from the existing Rs.2000/- to Rs.2500/- per day in the recalibrated ATMs, other ATMs will continue to dispense Rs.50/- and Rs.100/- notes until they are recalibrated.
13. The weekly limit of Rs.20,000/- for withdrawal from Bank accounts has been increased to Rs.24,000/-. The limit of Rs.10,000/- per day has been removed.
14. Banks have been advised to increase the issuance and use of mobile wallets and debit/credit cards as also to provide them to those customers and establishments not having access to these non-cash means of payment
15. The last date for submission of the annual life certificate for the Government Pensioners which is to be submitted in November every year has been extended up to January 15, 2017.
Source:PIBNEWS
Monday, 26 September 2016
postal Department
08:21
Clarification on SDBS payment to GDS
Clarification on SDBS payment to GDS
Payment of severance amount to the beneficiaries of SDBS and NPS Subscription deductions under SDBS
Source:Sapost
Thursday, 1 September 2016
postal Department
21:21
Indian Postal Bank would be a game changer for the Banking & Financial system in the country: Secretary, DFS
Indian Postal Bank would be a game changer for the Banking & Financial system in the country: Secretary, DFS
Banks need to take advantage of such rapidly changing positive growth opportunities
“Launch of Indian Postal Bank is going to be a game changer for banking sector and the operationalisation of its 1.5 lakh branches would give a massive fillip to the Banking & Financial system in the country. Banks need to take advantage of such rapidly changing positive growth opportunities in the country and contribute further to development of nation” said Ms. Anjuli Chib Duggal ,Secretary, Department of Financial Services Government of India .. at the 69th AGM of Indian Bank Association ( IBA) in Mumbai.,
Speaking on the occasion she said that with so many additional Postal Bank branches on the ground and expansion of the network ‘Bank Mitras’e a significant boost would be given not only to the financial inclusion of the programmes of Government but also to the development of last mile Banking operations in the country. She said that other established Banking Institutions should take advantage of the same.
Ms Duggal said that Banks need to fore see technological changes and strengthen inter-institutional arrangement to take advantage of the growth and expansion opportunities being offered by the development of all the sectors. She exhorted the Banks to stream line the system of the recruitment of ‘Bank Mitras’ and consider giving more functional autonomy to the Bank Branches in such matters.
Ms. Duggal appreciated the work done by the IBA in supporting the growth at social securities of government of India.
Source:PIBNEWS
Friday, 19 August 2016
postal Department
07:21
India Post Payments Bank Incorporated
India Post Payments Bank Incorporated
The India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modi’s Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey.
With the incorporation, the Board of the India Post Payments Bank Limited is likely to be constituted soon. The incorporation of the IPPB Ltd is a significant step forward as this also paves the way for the bank to begin hiring of banking professionals to set up the bank and begin its operations in 2017. The Department of Posts is expected to complete the roll out of its branches all over the country by September 2017. This could be the fastest roll out for a bank anywhere in the world.
The aspiration for the India Post Payments Bank is to become the most accessible bank in the world riding on state of the art banking and payments technology. Coupled with the physical presence across 1.55 lakh post offices and the reach of “The Dakiya”, the India Post Payments Bank aims to become a powerful and effective vehicle of real financial inclusion in the country. It is poised to create a national payments architecture riding on a modern payments platform and ubiquitous information and communication technologies that can be accessed by all users and service providers like never before. The stakeholders of the India Post Payments Bank within the Government and outside are looking at this new entity as a catalyst to social and financial inclusion.
Source:PIBNEWS
Saturday, 11 June 2016
postal Department
20:30
India Post launches logo and tagline design contest for IPPB on MyGov
India Post launches logo and tagline design contest for IPPB on MyGov
The Department of Posts on 10.6.16 launched a logo and tagline design contest for the soon to be set up India Post Payments Bank on the MyGov website. The Cabinet has on 1st June 2016, given its nod to the setting up of the IPPB under the Department of Posts to further financial inclusion in the country.
Department of Post wants to connect with and involve the people of India in designing the DNA of the India Post Payments Bank. One of the guiding principles of the India Post Payments Bank would be cocreating value propositions and products with its customers and other stakeholders. The present contest is the first step towards this ongoing engagement. It has also initiated a nationwide survey to understand the needs of different segments of customers.
Reward: The contest is open to all Indian citizens, institutions, agencies and entities for a period of one month, until 9th July 2016. The best entry will be awarded Rs 50,000/. A panel of eminent designers/ experts will help shortlist 20 best entries which will thereafter be put up for voting on the MyGov platform for the final selection of the winner.
About the India Post Payments Bank
The India Post Payments Bank will offer digitally enabled payments, banking and remittance services of all kinds between entities and individuals and also provide access to insurance, mutual funds, pension and credit products in partnership with third party financial service providers and Banks. It is poised to emerge as the main vehicle of financial inclusion in the country by bringing the physical reach of 1.55 lakh post offices and a modern payments platform powered by ubiquitous information and communication technologies together to create a national payments architecture that can be accessed by all users like never before. The stakeholders of the India Post Payments Bank within the Government and outside are looking at this new entity as a catalyst to social and financial inclusion. The roll out of the IPPB is to be completed by September 2017.
Source:PIBNEWS
postal Department
19:35
Postal payments bank coming in major districts: Prasad
Postal payments bank coming in major districts: Prasad
New Delhi, Jun 11 (PTI) Government is firming up plans to set up 650 branches of India Post Payments Bank at all major district headquarters by September 2017, Telecom and IT Minister Ravi Shankar Prasad today said in a letter to all postal employees.
"The India Post Payments Bank shall be set up with an investment of Rs 800 crore. The plan is to roll out 650 branches at all major district headquarters so that it may leverage the extensive outreach of the Department of Posts," Prasad said in the letter.
The Cabinet on June 2 cleared the proposal to set up India Post Payments Bank (IPPB) with a corpus of Rs 800 crore and a plan for 650 branches operational by September 2017. It will be scaled up further to cover the entire country by the end of 2018-19.
"The Prime Minister has urged that these 650 branches shall be made fully functional by September 2017," Prasad said.
DoP is gearing up to launch the payments bank with a workforce of 3.5 lakh.Prasad, in his letter, reached out to all postal employees for support.
"I earnestly appeal to all employees of the department and the Grameen Dak Sevaks to take pride and ownership in establishing the India Post Payments Bank which truly serves the cause of Antyodaya - serving the last man standing," he said.
He reasoned that the postman has a vital emotional connect and is almost part of every family in villages.
"In coming days, the role of all employees, including Grameen Dak Sevaks, will be very significant in successful rollout of the Payments Bank to make financial inclusion possible for every Indian," Prasad said.
DoP at present manages around 1.55 lakh post offices, of which about 1.3 lakh are in rural areas.
"I have no doubt in my mind that given your capabilities and your whole-hearted co-operation, we can accomplish the task. India Post has a footprint in every corner of the country," Prasad said.
IPPB will offer digitally-enabled payments, banking and remittance services of all kinds among entities and individuals as also provide access to insurance, mutual funds, pension and credit products in partnership with third-party financial service providers and banks.
"IPPB is being set up primarily to achieve the goal of full financial inclusion of the people in our country. It shall be a technologically-enabled banking platform that gives a wide range of services such as direct benefit transfers and all kinds of payments and remittances," the minister added. PTI PRS ARD
Source:India Today
Friday, 3 June 2016
recruitment
14:23
India Post Payments Bank to be a reality
India Post Payments Bank to be a reality
The total corpus of the payments bank is of Rs 800 crore, which will have Rs 400-crore equity and Rs 400-crore grant
India Post Payments Bank (IPPB) will be set up as a public limited company under the Department of Posts with 100 per cent government equity. The Cabinet approved a proposal in this respect on Wednesday.
The total corpus of the payments bank is of Rs 800 crore, which will have Rs 400-crore equity and Rs 400-crore grant.
Telecom Minister Ravi Shankar Prasad told reporters after the Cabinet meeting that 650 branches of the postal payments bank would be established in India, which will be linked to rural post offices.
India has 154,000 post offices, of which 139,000 are rural post offices. IPPB will obtain banking licence from the Reserve Bank of India (RBI) by March 2017 and by September 2017, all 650 branches of the postal payments bank would become operational.
Its services will be available across the country through these 650 payments bank branches, linked post offices and alternative channels, riding on modern technology including mobiles, ATMs and simple digital payments.
“This we had planned for three years, but now we will be doing it in a year,” said Prasad. He added that the payments bank, which will be run by a Chief Executive Officer, would be professionally managed and there would be a representation from various other government departments including the Department of Posts, Department of Expenditure, etc.
He said all ‘grameen dak sevaks’ in rural post offices would be given hand-held devices by March 2017.
“We are reinforcing it further. I have had discussion with my officers to give iPad and smartphones to postmen in urban post offices,” said Prasad.
At present, the core banking network of post offices is more than that of the country’s largest lender State Bank of India (SBI).
Source:Business Standard
Thursday, 2 June 2016
postal Department
08:22
Cabinet approves India Post payments bank proposal
Cabinet approves India Post payments bank proposal
Govt will set up 650 branches of the Postal Payments Bank by September 2017, says Ravi Shankar Prasad
New Delhi: The government on Wednesday cleared a proposal to set up the India Post payments bank with a corpus of Rs.800 crore and has plans to have 650 branches operational by September 2017, telecom minister Ravi Shankar Prasad said.
“The Cabinet has cleared proposal of postal payments bank. We have 1.54 lakh post offices of which 1.39 lakh are rural post offices. 650 branches of postal payments bank will be established in the country which will be linked to rural post offices,” Prasad said.
The minister said the payments bank, which will be run by a chief executive officer, will be professionally managed and there will be a representation from various other government departments including the Department of Posts, Department of Expenditure, Department of Economic Services etc.
“Total architecture of postal payments bank is of Rs 800 crore which will have Rs 400 crore equity and Rs 400 crore grant. By September 2017, all 650 branches of postal payments bank will become operational.This we had planned for three years but now we will be doing it in a year,” Prasad said.
He said that all rural post offices will be given handheld devices by March 2017. “We are reinforcing it further. I have had discussion with my officers to give iPad and smartphones to postmen in urban post offices,” Prasad said. At present, there are 22,137 post offices with core banking facility compared to State Bank of India’s 1,666 branches.
Source:Sapost
Sunday, 10 April 2016
postal Department
17:15
India Post To Keep PM Posted On Bank Plans
India Post To Keep PM Posted On Bank Plans
The Rs. 800-crore proposal will come up for Cabinet approval in 15 days.
Prime Minister Narendra Modi will hold a meeting with senior officials of the Department of Posts, or India Post, to take stock of its preparedness to roll out its payments bank.
“The Prime Minister has asked for a presentation on the payments bank before it is taken up in the Cabinet. The presentation is expected to be made on April 14,” a senior Telecom Ministry official said.
Mr. Modi will be updated on the other initiatives of the department, including digitisation and e-commerce services.
The meeting will be attended by India Post officials, including its Secretary, Kavery Banerjee.
The Public Investment Board has approved the Rs. 800-crore proposal of India Post, and it is expected to come up for Cabinet approval in the next 15 days.
India Post has selected Deloitte to advise it on setting up the payments bank, which is expected to be operational by March 2017.
Licence
India Post was among the 11 entities to have received licences for setting up the payments bank from the Reserve Bank of India last year.
As many as international financial conglomerates, including the World Bank and Barclays, have shown interest to partner the postal department for setting up the bank.
Source:Sapost
Wednesday, 6 April 2016
Friday, 1 April 2016
small savings
22:46
Investor rush to lock into high rates crashes computers at Post Offices
Investor rush to lock into high rates crashes computers at Post Offices
MUMBAI / NEW DELHI: Computer systems of post offices across the country have been hit by unprecedented year-end rush to open new public provident fund and senior citizen scheme accounts and deposit money in existing accounts, prompting the government to order contingency measures such as acceptance of deposits offline.
On Monday, the computer system connecting the country's 20,500 post offices — which reopened after a four-day holiday — witnessed a major slowdown, prompting the new set of instructions that speeded up processing. There were fresh glitches on Tuesday that inconvenienced depositors but officials said the problem was resolved by late afternoon. A fresh set of instructions on accepting reinvestment would be issued on Wednesday.
While there is always a year-end rush to claim tax benefits on investments, this time the problem is more acute due to the four-day holiday and the government's decision to lower interest rates on small saving schemes by more than a percentage point in some cases. With those putting money in Monthly Income Scheme, Senior Citizen Schemes or National Savings Certificate assured of locking in their investment at a higher rate for the next few years, the queues are longer this year.
Adding to the post office woes was the fast rollout of core banking platform across the country, which had been facing problems as it had not yet stabilized. The post office has been migrating all savings accounts on to the core banking system. The number of computerized post offices has increased to 12,000 in December 2015 from 2,000 at the end of December 2014. And in the last two-and-a-half months, it has grown to 20,000 from 12,000.
"We have allowed all post offices to accept deposits offline. This will free up a lot of capacity for withdrawals and reinvestment, which need to be checked from the system. We are trying to ensure that we are able to deliver service to everyone," said L N Sharma, India Post's deputy director general in charge of financial services. He added that any investor who faces a problem should contact the Superintendent through the post office as systems have been put in place to escalate the problem at the department of posts.
Customers in various states, including Maharashtra, Delhi, Gujarat, Telangana, Himachal Pradesh and Madhya Pradesh, complained of computer downtime in post offices. "It looks like the post office is also having some problem with reconciliation of their numbers. Several people have received communication asking them to check whether interest is being correctly credited into their accounts," said a small savings agent.
Some customers have complained that their names were inputted incorrectly resulting in reviving certificates with spelling mistakes. There were concerns that this could lead to problems while withdrawing funds a decade later. In Maharashtra, the Postmaster General at Pune said that the Finacle core banking system, set up by Infosys, was experiencing problems due to which members of public were facing difficulties in conducting their transactions.
Source:Sapost
Tuesday, 22 March 2016
postal Department
18:24
India Posts payments bank to launch by March 2017: Ravi Shankar Prasad
India Posts payments bank to launch by March 2017: Ravi Shankar Prasad
The Minister said that about 60 international consortiums are interested in trying up with the Postal Department to help it establish the payments bank.
The payments bank of the Department of Posts is likely to go operational by March 2017, Communications and IT Minister Ravi Shankar Prasad has said.
"Very soon by March next year we are going to bring in payments bank of the Postal department. And how things are changing, we have just got in-principle approval and we are going to the Cabinet soon," Prasad said.
The minister added that 60 international consortiums are keen to partner India Post for third partner delivery for insurance and banking, among others.
Speaking at a Digital India Summit here, Prasad said India Post has the largest network of core banking solution branches in India.
"When I became minister (2014), just 230 India Post branches had core banking solutions and as of Monday, 20,494 post offices have come under core banking solutions out of 25,000 and we can complete it by April," he said.
"Today I am very proud to announce that core banking linkage of post offices is bigger than State Bank of India.
SBI has 16,333 core banking solution branches," he added. On ATMs, he said the number has risen from four to 850 and by mid-April it will go to 1,000.
India Posts received in-principle approval from Reserve Bank of India on September 7, for setting up of payments bank within 18 months.
The department has also received clearance for funds from the Public Investment Board (PIB) for the payment banks.
India Post Payments Bank (IPPB) is likely to facilitate payments of the central and state governments as well as municipal dues and fees of various universities and educational bodies.
The list of other probable service includes "person to person remittances both domestic and cross-border." The bank may also distribute third party financial products such as insurance, mutual funds and pension products, give access to formal credit products by acting as banking correspondents of banks and facilitate utility bill payments for electricity, water, telephone, gas etc.
Source:DNAINDIA
