‘Post office to perform as rural bank’

Post offices across the country would work as rural banks to include more grassroots people into banking network, reports BSS.
"We want to expand the activities of our post offices as rural bank to include more people at grassroots level into financial service," said State Minister for Posts and Telecommunications Tarana Halim while talking to the news agency at her Bangladesh Post Office (BPO) Chamber in city's GPO building yesterday.
"I have a meeting with the Finance Minister A M A Muhith on June 26 when I will talk to him and request for approval so that post offices can extend banking services to the grassroots level," she said.
Referring to the huge amount of FDR with the post offices, Tarana Halim said: "We could move to micro credit activity through the FDR and if the post offices switch on disbursing micro credit, it would be easier to bring the grassroots people into the financial service."
Tapping the population outside banking at the grassroots level is the key objective, the state minister said, adding "We've 9,886 Post Offices at every nook and corner of the country and we could serve the people easily which is not possible for any private organisation."
She said they've planned to run the work following the model of "Rural Bank".

Post office to perform as rural bank

Post offices across the country would work as rural banks to include more grassroots people into banking network, reports BSS. We want to expand the activities of our post offices as rural bank to include more people at grassroots level into financial service, said State Minister for Posts and Telecommunications Tarana Halim while talking to the news agency at her Bangladesh Post Office (BPO) Chamber in citys GPO building yesterday. I have a meeting with the Finance Minister A M A Muhith on June 26 when I will talk to him and request for approval so that post offices can extend banking services to the grassroots level, she said. Referring to the huge amount of FDR with the post offices, Tarana Halim said: We could move to micro credit activity through the FDR and if the post offices switch on disbursing micro credit, it would be easier to bring the grassroots people into the financial service. Tapping the population outside banking at the grassroots level is the key objective, the state minister said, adding Weve 9,886 Post Offices at every nook and corner of the country and we could serve the people easily which is not possible for any private organisation. She said theyve planned to run the work following the model of Rural Bank.