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Post Offices to expand Banking Services

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There are 1,56,000 post offices in India and 12,185 in Tamil Nadu in which 94 are Head Post Offices. In Tamil Nadu, there is one post office for 6000 people and it has plans to start banking services in few of the major post offices. Apart from loan services, these banking post offices will provide all services equivalent to private banks, like ATM cards, Passbook, cheque book, and DD facility. Moreover, the post office banking will not charge for multiple usage of ATMs in its premises.

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