India Post to open 10 lakh savings accounts for wage payment

In the wake of the decision to implement biometric system for payments towards Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) through post-offices and to promote small savings schemes, India Post has announced to take up a massive project on a war-footing to open 10 lakh new savings bank accounts in Tirupati division by March 31.

Proving to be a good augury, as many as 1,050 accounts were opened spontaneously at the coordination meeting held between the NSS Special Tahsildar, Chittoor and the Superintendent of Post Offices, Tirupati Division here on Wednesday. Superintendent K. Ramakrishna Reddy announced that the move would aid the process of taking small savings schemes to rural areas and in providing cent percent coverage.

When the Special Tahsildar P. Sudhakar Naidu explained the problem of delay in service to the NSC agents due to the heavy rush,

Mr. Reddy not only announced to open a separate counter in the financial mart, but also provide computer and Internet service at a nominal rate of Rs.10 per hour for the benefit of the agents.

  • As many as 1,050 accounts opened spontaneously in Tirupati division
  • Move will aid process of taking small savings schemes to rural areas