Excellence Awards 2013

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23 Φεβ 2014 (πριν από 3 χρόνια και 5 μήνες)

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9
th

Annual Banking Summit
cum Social Banking
Excellence Awards 2013




16
th

Sept 2013



Role of Post Offices in Social Banking

Empowering and Connecting India

Post Offices

1,54,822

Departmental

Post Offices

25,444

Urban POs

(
10.16
%)

Rural POs

(
89.84
%)

Extra
Departmental

Post Offices

1,29,378

2, 09, 000


Departmental

Employees

2, 58, 000


Extra Departmental

Employees

On an average, a post office covers an area of
21.23
sq. km and serves
7,817
people.
23,552 Computerized and internet equipped Post
Offices.
India Post


The Last Mile reach

Role of Post Offices in Social Banking

Post

Offices

Savings

Bank
:




Small

Savings

Schemes

in

operation

on

behalf

of

Ministry

of

Finance

since

1882

through

more

than

154
,
000

Post

Offices





More

than

279

million

account

holders

with

outstanding

balance

of

Rs

6059

billion



Schemes

offered

include

Savings

Account,

Recurring

Deposit,

Time

Deposit

,

Monthly

Income

Account

Scheme,

Senior

Citizens’

Savings

Scheme

,

Public

Provident

Fund

&

National

Savings

Certificates




Role of Post Offices in Social Banking

Savings Bank

Disbursement of Social Security Schemes


Mahatama

Gandhi

National

Rural

Employment

Guarantee

Act

(MGNREA)




Pension

Schemes


Indira

Gandhi

National

Old

Age

Pension

Scheme


Indira

Gandhi

National

Widow

Pension

Scheme


Indira

Gandhi

National

Disability

Pension

Scheme



Scheme

for

pregnant

and

lactating

mothers


Providing

cash

directly

to

women

during

pregnancy

and

lactation




Role of Post Offices in Social Banking

MGNREGA


Act

provide

at

least

100

days

of

guaranteed

wage

employment

in

every

financial

year

to

every

household


Disbursement

of

MGNREGA

wages

is

being

made

through

around

94
,
000

post

offices

across

India

through

Post

Office

Savings

Bank

(POSB)

accounts


Yeas

wise

Progress
:




Role of Post Offices in Social Banking

Year

Number

of

MGNREGA

accounts

(in

million)

Amount

disbursed

(Rs
.

In

milliom
)

2008
-
09

29
.
2


38
,
630

2009
-
10

42
.
5


79
,
000

2010
-
11

49
.
0


91
,
790

2011
-
12

53
.
6


78
,
600

2012
-
13

57
.
4

120
,
140

Total

408
,
160

Pension Schemes



These

payments

are

being

effected

either

through

money

orders

or

Post

Office

Savings

Bank

accounts



In

2012
-
13
,

more

than

Rs
.

8137
.
9

million

have

been

disbursed

through

8
.
44

million

accounts

and

more

than

Rs
.

32000

million

have

been

paid

through

42
.
8

million

money

orders



Role of Post Offices in Social Banking

Scheme for pregnant and lactating mothers:
Indira

Gandhi
Matritva

Sahyog

Yojana

(IGMSY)


Conditional

Cash

Transfer

(CCT)

Maternity

Benefit

Scheme

envisages

providing

cash

directly

to

women

during

pregnancy

and

lactation



More

than

0
.
21

million

such

accounts

have

been

opened

so

far

through

which

Rs
.
45
.
27

million

have

been

disbursed
.


Role of Post Offices in Social Banking

Remittances Services

Electronic

Money

Order

(

eMO)


Facilitates

ELECTRONIC

remittance

of

Money

Orders

up

to

Rs
.

5000
/
-

(
85

US
$
)

electronically,

between

Post

Offices
.


Centralized

MIS

and

online

Tracking

facility

through

18

digit

code


Facility

of

cash

delivery

at

the

doorsteps

Instant

Money

Order

(iMO)


An

instant

online

domestic

money

transmission

service

available

in

15
,
540

POs


Amounts

upto

Rs

50
,
000
/
-

(
850

US
$
)

can

be

transmitted

and

paid

based

on

unique

system

generated

iMO

code

number

and

valid

ID

proof

International

Money

Transfer

Service


Instant

transfer

of

personal

remittances

from

195

countries

to

beneficiaries

in

India


Being

offered

in

association

with

WU

since

2001

and

with

Money

Gram

since

2011


Amounts

upto

INR

equivalent

of

2500
/
-

USD

can

be

received

by

providing

the

unique

Money

Transfer

number

and

valid

ID

proof
.


Maximum

of

30

transactions

can

be

received

in

a

year

from

one

customer
.


WU
-
IMTS

available

from

7312

locations

and

MG
-
IMTS

from

3369

locations



Role of Post Offices in Social Banking

Remittance Services


contd.

International

Money

order

Service

through

International

Financial

System

(IFS)


Sent

through

the

secured

electronic

channel

of

UPU



Inward

remittance

up

to

Rs

50000
/
-

(
850

US
$
)

can

be

received

in

cash

and

above

Rs

50000
/
-

(
850

US
$
)

is

paid

by

cheque



Each

inward

remittance

is

limited

to

$
2500

through

single

transaction

and

a

maximum

of

30

inward

remittances

are

allowed

in

a

year

to

a

single

payee
.



Rapid

delivery

(
1
)

Within

two

days

in

eMO

Service

connected

POs

and

(
2
)

5

days

for

offline

offices
.



Existing

eMO

Domestic

Channel

expanded

is

being

used

for

IFS

service


Service

in

Operation
:

with

France



Agreement

finalized

:

with

Sri

Lanka,

Mauritius,

Ukraine,

Lao

PDR

and

Cambodia



Discussion

in

process
:

With

UAE,

Malaysia,

Belarus,

Pakistan,

Bangladesh,

Indonesia,

Vietnam,

Portugal,

Russia

and

Nigeria






Role of Post Offices in Social Banking

Remittance Services
-

contd

MO

Videsh

(through

Eurogiro
)


Only

outward

service

Offered

by

India

Post

through

Eurogiro

Network


Available

to

all

the

countries

except

Myanmar,

Nepal,

Bhutan,

Cuba,

Iran

and

Sudan


Maximum

limit

of

a

single

transaction

is

USD

5000

subject

to

RBI

regulations

and

local

legislation

of

the

destination

countries


Integrated

with

domestic

remittance

platform

to

ensure

rapid

delivery

&

online

tracking



Dedicated

monitoring

unit

“International

Remittance

Unit”

set

up

at

Mysore,

India


An

agreement

has

been

signed

to

expand

the

service

with

Deutsche

Bank,

an

approved

US

Dollar

Settlement

Partner

of

Eurogiro

Network



Bilateral

Agreements

with

Japan

Post,

Al

Rajhi

Bank,

Saudi

Arabia,

Thai

Post

and

Italy

Post

are

in

progressive

stage







Role of Post Offices in Social Banking


Introduced

in

1995

with

objective

to

provide

affordable

insurance

cover

to

the

rural

population,

especially

women

and

weaker

section



RPLI

is

the

second

largest

life

insurer

in

rural

areas

(after

LIC)




20
.
71

million

rural

policies

including

6

million

policies

of

women



Provides

financial

security



Low premium payment



Premium payment facility at all Post Offices


Role of Post Offices in Social Banking

Rural Postal Life Insurance

Rural ICT Solution will introduce 1.3
Lakh

mobile BOs


Banking services for

unbanked
” rural
population



Availability
of multiple
channels

for ease of
transaction


Expedited distribution of
insurance policies to
the
rural
customers



Personalised smart
cards
for policy
holders to
enable paperless
transactions


Electronic and
secure
mode of money
transfer into rural India



SMS confirmation
of successful
transfers


Focal point of
delivery of social
security schemes of
the State



Reduction in fraud
and errors through
biometric
authentication


Bridging gap between
urban and rural India



Utility bill payments
(water
, electricity
,)



Phone
top ups, rail
ticket
bookings


Tracking
of accountable articles



Streamline mail process by
scanning bar codes

Mail

Operations

Postal

Banking

Retail
Applications

Money Order
Transfer

Rural Life
Insurance

Paying Social
Security
Schemes

Branch
Post
Office


IT Modernization


Rural ICT Solution

Role of Post Offices in Social Banking

Devices

Handheld Computers

Thermal Printer

Biometric

Scanner

2D Imager

Smartcard /
Mag

Stripe

Reader and Writer

Rural ICT Solution Overview

13


IT Modernization


Rural ICT Solution


The Architecture

Role of Post Offices in Social Banking

Direct Benefit Transfer (DBT)


DBT

envisages

electronic

crediting

of

social

benefits

into

accounts

and

bio
-
metric

authenticated

payment

to

beneficiaries




DBT

will

ensure

transparency

and

minimize

pilferage



Rolled

out

in

121

districts

of

India
.

Other

districts

will

be

added

soon
.



Implementation

of

Rural

ICT

and

Core

Banking

Solution

(CBS)

will

enable

India

Post

to

roll

out

DBT

through

Post

Offices

shortly



India

Post

is

using

electronic

Fund

Management

System

(eFMS)

for

MGNREGA

&

Central

Plan

Scheme

Monitoring

System

(CPSMS)

for

other

schemes

as

an

interim

solution

for

electronic

crediting

of

benefits






Role of Post Offices in Social Banking

Thank You

Role of Post Offices in Social Banking