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HomePersonal FinancePost Office money transfer rule change: Good News! Now money can be...

Post Office money transfer rule change: Good News! Now money can be sent directly to the bank account from the post office, know new rules

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At present, there is no facility to transfer money from post office account to bank account or from bank account to post office account. The government is preparing to provide this facility to the people soon.


Right now, transferring money from one bank account to another bank account is done in a pinch. However, if money is to be transferred from the post office account to the bank account, then people have to face problems. Now these problems are going to end soon. The government is preparing that money can be easily transferred between post office and bank accounts in the same way as it is between two bank accounts at present.

The government gave this information in the Lok Sabha

Minister of State for Communications (MoS Communications) Devusinh Chauhan gave this information in the Lok Sabha in reply to a question. The minister was asked a question regarding the approval of online transfer of money between postal and bank accounts. In response to this, the minister said that the government will provide NEFT and RTGS to facilitate online money transfer from post office account to bank account and from bank account to post office account. working towards.

Most of the post offices connected with core banking

The Cabinet Minister also informed that so far 1,52,514 out of the total post offices in the country have been brought under the core banking system. There are currently 1,58,526 post offices across the country. This means that now only 6,012 post offices are left, which have not yet been connected to the core banking system.

These plans are being considered

Chouhan said that the government is taking steps to provide connectivity through Intermediate Data Rate Connectivity (IDR), Virtual Private Network Connection (VPN) and Very Small Aperture Terminal Connectivity (VSAT). Apart from these, there are plans to provide Subscriber Identification Module (SIM) based handheld devices and Point of Sale (PoS) devices for post offices located in rural and hilly areas.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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