Posted: 03 Jan 2016 08:33 AM PST
Post Offices all over India are preparing for Core Banking Solution. Now India Post employees are frequently saying or using one word i.e. “Migration” in all their conversations. Here migration means changing the POSB platform from Sanchay Post to Finacle, Core Banking Solution (CBS) from Infosys.
India Post started Migration to Core Banking Solution by the end of 2013. The first migration was happened on 16.12.2013 at Greams Road S.O under Thygarayanagar HO in Chennai City Region of Tamil Nadu Circle.
Now Post Offices from all 22 Postal Circles have been included in the migrated list. Total of 12150 Post offices including 805 Head Post Offices and 11345 Sub Offices have been rolled out for CBS until now. All Post Offices in India will be migrated to CBS by the end of March 2016.
Compared to nationalised banks that switch over to CBS in earlier stage especially SBI, the migration process of India Post was very speedy and it was within the time frame work. You can read the process of CBS implementation in SBI in my post Success story of CBS implementation in State Bank of India.
Following table shows the status of CBS migration in India Post up to 01.01.2016
The account wise count and total deposit value of migrated offices are shown in the following table.
SL
|
Name of the Circle
|
HO
|
SO
|
Total
|
1
|
Andhrapradesh
|
95
|
443
|
538
|
2
|
Assam
|
19
|
393
|
412
|
3
|
Bihar
|
32
|
204
|
236
|
4
|
Chhattisgarh
|
9
|
75
|
84
|
5
|
Delhi
|
12
|
261
|
273
|
6
|
Gujarat
|
34
|
447
|
481
|
7
|
Haryana
|
16
|
97
|
113
|
8
|
Himachal Pradesh
|
16
|
96
|
112
|
9
|
Jammu & Kashmir
|
8
|
30
|
38
|
10
|
Jharkhand
|
13
|
97
|
110
|
11
|
Karnataka
|
58
|
1441
|
1499
|
12
|
Kerala
|
51
|
276
|
327
|
13
|
Madhya Pradesh
|
43
|
419
|
462
|
14
|
Maharashtra
|
61
|
1336
|
1397
|
15
|
North East
|
8
|
17
|
25
|
16
|
Odisha
|
35
|
347
|
382
|
17
|
Punjab
|
22
|
156
|
178
|
18
|
Rajasthan
|
48
|
1187
|
1235
|
19
|
Tamilnadu
|
94
|
2120
|
2214
|
20
|
Uttarakhand
|
13
|
66
|
79
|
21
|
Uttarpradesh
|
72
|
1460
|
1532
|
22
|
West Bengal
|
46
|
377
|
423
|
Total
|
805
|
11345
|
12150
|
The account wise count and total deposit value of migrated offices are shown in the following table.
Passbook
|
Number of accounts
|
Balances
|
SB SANCHAYKA – PRODUCT GROUP
|
58200
|
151550534.6
|
SB – BASIC
|
6479390
|
2283966528
|
SB – GENERAL PRODUCT
|
71082577
|
362772880745.33
|
SBDIGP
|
1277607
|
1827625258
|
SB – PENSION GROUP
|
491882
|
6183144023
|
SSA
|
3891743
|
27236082762
|
NSS -87
|
178371
|
33785434584
|
NSS -92
|
37219
|
4124900438
|
PPF
|
1968383
|
553317636998
|
PPF LOAN A/C
|
4853
|
87843930
|
RD
|
58122359
|
611423824807
|
RD LOAN A/C
|
844757
|
7566886862
|
MIS
|
9445398
|
980706536317
|
SCSS
|
643571
|
164798735156.00
|
TD
|
7570351
|
289590697709.00
|
DISCONTINUED PRODUCTS
|
325442
|
6156712978.47
|
TOTAL - Passbook
|
162422103
|
3052014459629.53
|
Certificates
| ||
KVP
|
71782741
|
635831980368
|
NSC 8th ISSUE
|
96432341
|
560049075782
|
NSC 9th ISSUE
|
5561210
|
43196577400
|
TOTAL - Certificates
|
173776292
|
1239077633550.00
|
GRAND TOTAL
|
336198395
|
4291092093179.53
|
(Count and balances as on 01st January 2016)
|
33.61 Crore
|
429109.20 Crore
|
The detailed list of Post Offices that have been migrated to CBS can be seen from the following link.
Excellent info given here, thanks to share with us.
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