Ppt0000013 [Lecture seule] - Postal Financial Inclusion · 2009. 11. 13. · Ppt0000013 [Lecture...
Transcript of Ppt0000013 [Lecture seule] - Postal Financial Inclusion · 2009. 11. 13. · Ppt0000013 [Lecture...
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India PostIndia Post
Postal Postal Financial ServicesFinancial Services
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India Post : India Post :
a socially committed,a socially committed,
technology driven, technology driven,
professionally managed &professionally managed &
forward looking Organizationforward looking Organization
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�� Serving the nation for more than 150 years, and Serving the nation for more than 150 years, and
enjoying an image of reliability and trustworthiness. enjoying an image of reliability and trustworthiness.
Total number of Post Offices 155,035
Urban Post Offices 15,862
Rural Post Offices 139,173
Post Offices offering Savings Bank 154,038
Post Offices providing domestic
money remittance service
155,035
Post Offices offering Insurance More than 150,000
Area served by a Post Office 21.20 Sq. Km.
Average population served by a Post
Office
7,174
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�� Banking Services:Banking Services:�� Small Savings SchemesSmall Savings Schemes
�� Money Remittance Services:Money Remittance Services:�� Electronic Money Order (eMO)Electronic Money Order (eMO)�� Instant Money Order (iMO)Instant Money Order (iMO)�� International Money Transfer Service (IMTS)International Money Transfer Service (IMTS)
�� Insurance Services:Insurance Services:�� Postal Life Insurance (PLI)Postal Life Insurance (PLI)�� Rural Postal Life Insurance (RPLI)Rural Postal Life Insurance (RPLI)
�� Wage Payment (Zero Balance Accounts)Wage Payment (Zero Balance Accounts)
�� Distributing other financial /white label products.Distributing other financial /white label products.
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Savings Bank established 1882
First Act passed on Savings
Bank
Government Savings Bank Act,
1873
Subsequent Acts Government Savings
Certificate Act 1959, Public
Provident Fund Act 1968, etc.
Number of Saving Schemes 8
Number of Accounts 205 million
Outstanding Balance Rs. 5.47 trillion
Number of Post Offices
providing Saving Bank facilities
154,038
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124.01 129.11 137.66 142.31159.83
164.32 173.97174.71
205.6
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
4.11%4.11%
2.81%2.81% 5.87%5.87% 0.43%0.43%17.34%17.34%
6.62%6.62% 3.38%3.38%12.31%12.31%
Rate of GrowthRate of Growth
NUMBER OF ACCOUNTS IN MILLIONSNUMBER OF ACCOUNTS IN MILLIONS
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Certificates Issued in
millions
46.04 60.14 71.1 63.76 43.63 31.4
Certificates Discharge in
millions
51.7 49.99 68.94 53.34 48.73 47.2
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
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Amount Mobilised in Rs.
Billions
391.66 337.18 398.1 345.35 213.66 219.56
Amount Paid in Rs.
Billions
280.23 163.88 280.14 255.21 251.75 268.69
2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
SAVINGS CERTIFICATE SAVINGS CERTIFICATE ––
Amount mobilized & paidAmount mobilized & paid
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2.161 2.563.086
3.74
4.59
5.295.63 5.53 5.47
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
IN Rs. TRILLIONIN Rs. TRILLION
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�220 million –Upto September 2009
�250 million – March 2010
�300 million - March 2011
�330 million - March 2012
Target: Savings Accounts
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�� Money Order remits money within India with a Money Order remits money within India with a maximum limit of Rs. 5000/maximum limit of Rs. 5000/--
�� One of the oldest services of India PostOne of the oldest services of India Post..
�� In 2008, operationalized on technological platform In 2008, operationalized on technological platform and rechristened as Electronic Money Order and rechristened as Electronic Money Order (eMO).(eMO).
�� New system facilitates remittance electronically to New system facilitates remittance electronically to the nearest connected Post Offices.the nearest connected Post Offices.
�� Imparts quickness in delivery.Imparts quickness in delivery.
�� Facility of online tracking of eMO and SMS Facility of online tracking of eMO and SMS acknowledgement avaialble.acknowledgement avaialble.
�� On an average, around 100 million MOs are On an average, around 100 million MOs are booked and Rs. 70 billion are remitted every year.booked and Rs. 70 billion are remitted every year.
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PO Booking & Transmitting eMO
WAN or Broadband
PO Receiving & Paying eMO
Central Server
Directorate User (MIS)
Circle User (MIS)
Region User (MIS)
Division User (eMO office registration, Bulk Remitter/ Payee creation, & MIS)
Bulk Remitter/ Payee
(MIS, Data & Tracking)
eMO System
www Web Interface
Individual Customer (Tracking)
WAN or Broadband
WAN or Broadband
SMS intimation
SMS intimation
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�� An online domestic money remittance An online domestic money remittance service introduced in 2006.service introduced in 2006.
�� Intended for a market clientele Intended for a market clientele requiring instant money remittance. requiring instant money remittance.
�� Remittance limit from Rs. 1000/Remittance limit from Rs. 1000/-- up to up to Rs. 50,000/Rs. 50,000/-- in one transaction. in one transaction.
�� Tariff Tariff –– Rs. 150 to Rs. 330/Rs. 150 to Rs. 330/--..
�� More than 2100 Post Offices offering More than 2100 Post Offices offering iMO.iMO.
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BOOKING PO PAYING PO
NIC HQ Firewall Layer
WEB SERVER&
DATABASE
SENDER RECEIVER
iMO System
INTERNET
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Year Transactions Remitted amount (Rs. in million)
2005-06 394 3.052006-07 5398 46.562007-08 39253 349.262008-09 54727 493.22
Total 99772 892.09
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�� Western Union IMTS available from Western Union IMTS available from
8,511 Post Offices.8,511 Post Offices.
�� Eurogiro inward/outward money Eurogiro inward/outward money
remittance service.remittance service.
�� UPU International Financial Service UPU International Financial Service
(IFS)(IFS)
�� MoneyGram IMTS of to be launched MoneyGram IMTS of to be launched
shortly.shortly.
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Year Number of transactions (in million)
Principal Amount (Rs. in billion)
2005-06 0.89 17.042006-07 2.14 37.432007-08 3.45 53.562008-09 4.54 76.58
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� To provide insurance cover to people of rural India.
� To cover risk and provide financial security through appropriate insurance products.
� To ensure trust and loyalty of customers.
� First million by PLI Day(12.10.2009) - Micro
insurance.
� 25 million – March 2010
� 100 million - March 2011
� 200 million - March 2012
Mission: Postal Life Insurance
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2.78 3.14 3.894.87
6.67.79
8.549.72
11.2
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
NUMBER OF POLICIES IN MILLIONSNUMBER OF POLICIES IN MILLIONS
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47.01 54.31 63.0873.76
88.06106.58
126.28150.85
181.47
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
PLI /RPLI FUND PLI /RPLI FUND –– Rs. in BILLIONSRs. in BILLIONS
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133.03 162.74 211.41283.03
372.68481.81
606.19733.15
914.75
2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09
12.95%12.95%
18.03%18.03%
9.63%9.63%
13.82%13.82%
15.23%15.23%
23.89%23.89% 25.19%25.19%35.52%35.52%
Rate of GrowthRate of Growth
VALUE OF PLI/RPLI BUSINESS VALUE OF PLI/RPLI BUSINESS –– Rs. in BILLIONSRs. in BILLIONS
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Micro Saving Micro CreditRemittance
eMO8 SchemesSHG
NABARDSBI Asset
Products
Access to
credit on the
basis of PO
Account
NREGS
Savings Account
Insurance
PLI
Micro Insurance
OIC General
Insurance
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�INREGS launched in 2006
Objective To enhance livelihood security in rural areas by providing
at least 100 days of guaranteed wage employment in a
financial year to every household in rural areas.
Coverage All districts having rural population
NREGS Accounts in India (Bank + Post
Office)
76.86 million
NREGS Accounts with Post Offices 35.46 million (46.13%)
Number of Post Offices involved in
NREGS work
93,301
Amount disbursed so far Rs. 35.33 billion
India Post disbursing micro-credit to 3000
Self Help Group (SHGs) in Tamil Nadu
Since 2006 in association with National Bank for
Agriculture and Rural Development (NABARD)
Number of Post Offices 1963
India Post started selling Assets &
Liability products of State Bank of India in
2007
Number of Post Offices 5226
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��Retailing Retailing Mutual Fund products of
Unit Trust of India.
�Distributing Pension products of
ICICI Prudential.
�Vending Non-life Insurance
products of Oriental Insurance
Company.
Other financial productsOther financial products
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�Payment Gateway
�Virtual Post Office
�Pre-paid Card
�Internet transactions
�Postal Banking
Future Plans
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�� At present, more than 12,000 Post Offices are At present, more than 12,000 Post Offices are
computerized and 80,000 more will be covered in next computerized and 80,000 more will be covered in next
few years.few years.
�� India Post uses separate software platforms for different India Post uses separate software platforms for different
products.products.
�� A project underway to provide electronic connectivity to A project underway to provide electronic connectivity to
all POs by 2012.all POs by 2012.
�� Introduction of integrated technology platform by 2012.Introduction of integrated technology platform by 2012.
�� To provide Core Banking Solution in 4000 Post Offices by To provide Core Banking Solution in 4000 Post Offices by 2012 covering all savings schemes.2012 covering all savings schemes.
�� WAN, Data Center and hardware in place at selected WAN, Data Center and hardware in place at selected
locations for CBS.locations for CBS.
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Micro
Insurance
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�� Special commendation Special commendation
award for effectively award for effectively
utilizing its network to utilizing its network to
promote financial inclusion promote financial inclusion
in smaller places. in smaller places.
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Thank YouThank You