This will allow its financial services customers access their savings account from any of these 25,000 branches
India Post has a network of 1.55 lakh post offices, close to 90% in rural areas, and over 33 crore savings bank customers. Photo: Mint
25,000
What is it? The number of post offices that will offer core banking services by April.
Why is it important? This will allow its financial services customers access their savings account from any of these 25,000 branches. India Post has a network of 1.55 lakh post offices , close to 90% in rural areas, and over 33 crore savings bank customers. State Bank of India, the country’s largest bank, has 16,333 branches.
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