The Department of Post (DoP) could set up 550 ATMs till February this year against the targeted 1,000 by March even as the government aims for massive nationwide rollout of cash vending machines in the next three years.

In his budget speech, Finance Minister Arun Jaitley said the government will undertake a massive nationwide roll-out of ATMs and micro ATMs in Post Offices over the next three years to provide better access to financial services specially in rural areas. Besides, the DoP also plans to bring all 25,000 departmental post offices under the core banking platform. But according to the official data, the DoP has “installed 550 ATMs” as of February 24 out of “target of 1,000 ATMs (by March this year) in various parts of the country”.

http://www.business-standard.com/article/pti-stories/dop-sets-up-just-550-atms-against-targeted-1-000-this-fiscal-116030600147_1.html

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