Plan to bring all Post Offices across India under the Core Banking Solution System

The Central Govt has planned to add all the post offices throughout India under the core banking solution system.
Objective: To bring more rural areas with AADHAAR seeded accounts.
Ms Nidhi Khare (the Adviser to the Planning Commission) held that the move will assist the people to utilize the benefits of several schemes including Old Age Pension and MGNREGA via Direct Benefits Transfer.
AADHAAR card may be utilized as an identity and residential proof for opening bank a/c for a person.

Month: Current Affairs - October, 2013