As per the Union budget 2022-23, how many post offices will come under a 100% core banking system enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also providing online transfer of funds between post office accounts and bank accounts?a)2.5 lakh Post Officesb)1 lakh Post Officesc)1.5 lakh Post Officesd)2 lakh Post Officese)0.5 lakh Post OfficesCorrect answer is option 'C'. Can you explain this answer?

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Banking Exams Exam > Banking Exams Questions > As per the Union budget 2022-23, how many po...

a)
2.5 lakh Post Offices
b)
1 lakh Post Offices
c)
1.5 lakh Post Offices
d)
2 lakh Post Offices
e)
0.5 lakh Post Offices

Correct answer is option 'C'. Can you explain this answer?

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As per the Union budget 2022-23, how many post offices will come unde...

The correct answer is 1.5 lakh Post Offices.

Key Points:

In Union budget 2022-23 announcement is made on ‘Anytime-Anywhere post office savings’ that aims to cover all the post offices in the country with a core banking system to help access accounts through internet banking, mobile banking, and ATMs.
1.5 lakh post offices will come 100% on the core banking system (CBS)enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also providing online transfer of funds between post office accounts and bank accounts.
This will be helpful, especially for farmers and senior citizens in rural areas, enabling interoperability and financial inclusion.
Additional Information
?Post Budget Webinar on “Leaving No Citizen Behind” was organized on February 23, 2022.
This initiative was chaired by the Minister of Rural Development and Panchayati Raj, Shri Giriraj Singh.

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As per the Union budget 2022-23, how many post offices will come under a 100% core banking system enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also providing online transfer of funds between post office accounts and bank accounts?a)2.5 lakh Post Officesb)1 lakh Post Officesc)1.5 lakh Post Officesd)2 lakh Post Officese)0.5 lakh Post OfficesCorrect answer is option 'C'. Can you explain this answer?

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