Rs 2,000 crore cash delivered by postmen in 70 days of lockdown – Times of India: NEW DELHI: The poor within the nation are having fun with the privilege of doorstep supply of money from their accounts in any financial institution, courtesy the India Put up. Within the final 70 days of the lockdown, postmen throughout the nation have delivered Rs 2,000 crore in money from totally different banks, largely to individuals in villages of UP and Bihar.

Rs 2,000 crore cash delivered by postmen in 70 days of lockdown – Times of India

TOI had reported on Could 12 how within the first 50 days of the lockdown India Put up had delivered Rs 1,000 crore utilizing the Aadhaar enabled Fee System (AePS). The following Rs 1,000 crore has now been delivered in lower than 25 days, that’s the pace with which the “money at doorstep” service of the India Put up has gained recognition.

The AePS providers can be found by means of wi-fi enabled handheld system. India Put up Fee Financial institution (IPPB) launched it in September final yr for offering money at doorsteps to individuals having account in any financial institution in banked or unbanked areas. At present, it has turn out to be the only largest platform for offering “interoperable banking providers” to prospects of any financial institution having their account linked to Aadhaar.
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The brand new service has gained acceptance notably within the rural areas, evident from the truth that over 43% of the entire 1 crore such transactions between March 24 and June four have been carried out in UP and Bihar alone, largely in villages.

In line with India Put up, within the first 50 days of the lockdown Rs 1,051 crore had been delivered in hotspot zones and migrant camps, serving the sick, aged and the disabled. Trying on the comfort of the service, an increasing number of individuals from villages and cities are logging in for money deliveries.

Greater than two lakh postmen are engaged in offering doorstep banking providers to individuals by means of a community of 1.36 lakh submit places of work and 1.86 lakh AePS gadgets. The IPPB has developed a “PostInfo App” which might be downloaded from Google play retailer and a request for doorstep money supply might be registered.

The app gives doorstep service for pace submit and assortment of submit workplace financial savings financial institution instalments as effectively. A toll-free quantity at 1800-180-7980 has additionally been activated for the aim.

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