Jan Suraksha Schemes like the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and
      Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) were launched in 2015 in all CBS post
      offices for all post office savings account holders. Department of Posts has signed Memorandum
      of Understanding (MoU) with National Insurance Company (NIC) and Life Insurance
      Corporation of India (LIC) for PMSBY and PMJJBY respectively. Atal Pension Yojna (APY)
      was launched in all CBS head post offices from 2015.
      Core Banking Solution & installation of ATMs
           The Core Banking Solution (CBS) is part of the India Post IT Modernization project that
      aims to bring in various IT solutions with the required infrastructure to the post offices. The
      project aims to implement Core Banking Solution in all the Departmental Post Offices for Small
      Savings Schemes during current Plan period. The project will bring in facilities of “any time any
      where banking”. ATM and Internet Banking facilities.
           As on 10th August 2018, 23557 Post Offices have been mignated to CBS and 995 ATMs
      have been installed at various locations across the country
      Retailing of Mutual Funds
           The post office is playing an important role in extending the reach of the capital market of
      the country and providing the common man easy access to market based investment options.
      Presently, Mutual Fund products of UTI MF only are being retailed through over 2,000 post
      offices.
      Jan Suraksha Schemes
           Jan Suraksha Schemes viz., Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan
      Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in post offices have been launched w.e.f.
      07.09.2015 in all CBS post offices for all Post Office Saving Account holders. Department of
      Posts has signed Memorandum of Understanding (MoU) with National Insurance Company
      (NIC) and Life Insurance Corporation of India (LIC) for PMSBY & PMJJBY respectively. Atal
      Pension Yojana (APY) has also been launch in all CBS post offices on 1st December, 2015.
      Sukanya Samriddhi Account
           Sukanya Samriddhi Account, a new Small Savings Scheme for the welfare of girl child, was
      launched in 2015. Under the scheme, a legal/ natural guardian can open only one account in the
      name of one girl child and maximum two accounts in the name of two different girl children up
      to 10 years from date of birth of the girl child.
      India Post Payments Bank
           India Post Payments Bank (IPPB) is a Government of India owned bank operating under the
      Department of Posts. The first phase of the Bank with 650 branches and 3250 post offices as
      access points was inaugurated in September 2018. Over ten thousand postmen have been roped
      into the first phase. The aim is to utilise all the post offices in the country as access points and
      300,000 postal service workers to provide house to house banking services.
           In 2015, the Reserve Bank of India launched its differential banking policy for more
      focused banking, to boost financial inclusion and promote digital banking. The licence for such
      bank was provided to India Post in the same year. In 2016, it was registered as a public limited