THERE
ARE 2.50 CRORE ACCOUNTS, INCLUDING SAVINGS ACCOUNTS AND RECURRING DEPOSITS, IN
CHENNAI REGION ALONE
In
a bid to ease the inconvenience of customers waiting in queues, the Department
of Posts has started operating most of its ATMs across the State. However, only
those with postal accounts can withdraw money.
In
the past four days since demonetisation was implemented, post offices across
the State have made transactions to the tune of nearly Rs. 915 crore. Many
people seemed to have found it convenient to deposit cash in post offices,
going by the volume of deposits. Of the total cash transactions, nearly Rs. 772
crore has been deposited in the savings bank accounts.
Officials
of the postal department said they have extended working hours of counters for
exchanging currency, which are mostly Rs. 100 and Rs. 2,000 notes. On Sunday
alone, nearly Rs. 63 crore worth currency notes were exchanged for lower
denomination notes.
At
present, the postal department is carrying out only banking transactions and
even mail delivery has been suspended for two days on account of national
holiday. People are exchanging Rs. 500 and Rs. 1,000 notes, which have lost
their legal tender value, at nearly 2,600 head post offices and sub post
offices across the State.
While
some post offices exchange currency for the specified limit, some of them limit
giving cash to Rs. 2,000 or Rs. 1,000 depending on the availability of cash
reserve. J.T. Venkateswarulu, postmaster general (mails and business
development), said: “We want to serve all the customers who visit the post
offices. We have started providing new Rs. 2,000 notes as well. The
demonetisation move has also facilitated opening of new postal savings bank
accounts by customers.”
There
are nearly 2.50 crore accounts, including savings bank accounts and recurring
deposits, in Chennai city region alone.
Of
the 91 postal ATMs installed across the State, nearly 80 have started
functioning. Chennai city region has nearly 20 ATMs to enable customers to
withdraw money. The remaining will be operational in one or two days once
adequate cash is loaded, he said.
There
are 2.50 crore accounts, including savings accounts and recurring deposits, in
Chennai region alone
Source : http://www.thehindu.com/
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