Postal Administrative Union CHQ NFPE: INDIAPOST INKS DEAL TO ISSUE 1.5 CRORE DEBIT CARDS

Friday, June 5, 2015

INDIAPOST INKS DEAL TO ISSUE 1.5 CRORE DEBIT CARDS

MUMBAI: India Post will soon issue debit cards to its 1.5 crore account holders with the Department of Post signing a Rs 30 crore deal with CMS Info System to supply Rupay enabled cards. The Department of Post (DOP) has over 10 crore account holders in India, and has already begun deploying ATMs across the country in a phased manner.

The personalized debit cards for DOP will be issued on the NPCI platform and their usage would initially only be on ATMs installed at DOP branches, as a closed loop environment. The cards can later be used on other ATMs with Rupay affiliation. These cards will initially be of the magstripe variant, with the option of EMV being available to the account holders after a set period of time.

"This deal will power issuance of personalized cards to complement India Post's ATM deployment plans over a three-year period. We expect this to benefit people using teller facilities at the branches, as they can now begin to use these cards for more convenient cash withdrawals," said Mokam Singh Matta, Head of Card Business, CMS Info System. In addition to financial cards, CMS also personalizes Smart Cards which are being increasingly used in large scale government projects, including National ID, Rashtriya Swasthya Bima Yojana (RSBY), Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) and Employee's State Insurance Corporation (ESIC). Some of these form a critical backbone for financial inclusion projects in the country, he said.

India Post which is a large mobiliser of deposits is currently awaiting approval from Reserve Bank of India to set up the Post Bank of India. The government department, which has the largest financial services distribution network across the country, is presently running a large deficit on postal services. With traditional mail services on a decline due to electronic communication, the department is looking for opportunity in logistics and financial services.

The department has already embarked on deploying core banking solutions which will make it easier for customers to get service outside their home branch.

Source: The Times of India

Fifth National Stamp Fair, New Delhi - 5th - 7th June 2015.

Philatelic Dealers Association, affiliated with International Federation for Stamp Dealers' Associations presents Fifth National Stamp Fair from 5th to 7th June 2015.

Venue: Galleries C & D, (Air-Conditioned), All India Fine Arts & Crafts Society, AIFACS, 1 Rafi Marg, New Delhi - 110 001.

Stall Rent is Rs. 6,500. For Booking contact PDA Secretary General, Rohit Prasad, Email : prasadrohit1962@yahoo.com, (M) +919810304233

30th ALL INDIA CONFERENCE OF AIPEU GR.C - LUCKNOW

The 30th All India Conference of AIPEU Gr.C is being held at Babasaheb Bhimrao Ambedkar University campus, Lucknow (UP).from 4th to 7th June 2015.

Day : 1 (04-06-2015)
Morning session : Delegate session / subject committee

Chairperson: Com.R.Sivannarayana, President, AIPEU Gr.C (CHQ)

Post Lunch Session : Open session :

Inauguration : Com.Tapansen, Hon'ble Member of Parliament, General Secretary, CITU.

Chief guest : Ms.Sarithasingh, Chief Post Master General, U.P Circle.

Welcome Address : Shri Ramnarayan Sahu, Chairman, Reception Committee, former M.P & former Mayor, Lucknow

Leaders attended:

Com.Shivgopal Mishra, Secretary, NJCM, NFIR

Com.K.Raghavendran, General Secretary, AIPRPA & Former Secretary General, NFPE

Com.M.Krishnan, Secretary General, CCGEW

K.V.Sridharan, former General Secretary, AIPEU Gr.C & Leader JCM (staffside)
General Secretaries :
Com.Giriraj Singh, General Secretary, AIRMS MMSEU Gr.C
Com.R.Sitha lakshmi, General Secretary, AIPEU PM & MTS/Gr.D
P.Suresh, General Secretary, AIRMS MG MTS/Gr.C
Com.Pranab Bhattacharya, General Secretary, AIP AOEU
Com.T.Satyanarayana, General Secretary, AIP AEA
Com.P.Pandurangarao, General Secretary, AIPEU GDS (NFPE)
Com.Y.Nagabhushanam, Working President, AIPCPCCW
Senior Comrades, Leaders of other organizations also attended and graced the session.