India Post has unveiled plans to issue 500,000 new debit cards over the next two months, said India Post deputy director general L N Sharma.
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Sharma told PTI that these debit cards will be offered to customers from 2,600 large branches, where implementation of core banking solution (CBS) has been completed.
Additionally, account holders can initially use these cards only at 115 India Post ATMs.
"In the pilot project itself, we have issued 10,000 debit cards. Now, we are aiming to issue 500,000 new cards to our customers in the next two months," Sharma told PTI.
"For now, these cards can be used at our ATMs only. Once inter-operability is allowed, it can be used at other ATMs also. Our plan is to complete implementation of CBS at all our 25,000 branches by 31 March 2016," he added.
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By GlobalDataIn June 2015, DoP has signed a deal worth INR300m with CMS Info Systems to personalise over 15 million debit cards for India Post savings account holders.
