AP Postal circle aims revenue target of Rs 1558 cr for FY15-16

Andhra Pradesh Postal Circle is aiming a revenue target of Rs 1,588 crore during 2015-16 through SB accounts and by offering various postal services.
"We have set revenue target of Rs 1,588 crore during 2015-16 that consists of Rs 470 crore from postal operations and Rs 1,118 crore through saving bank accounts," B V Sudhakar Chief Post Master General (AP and Telangana states) told reporters here today.
"Our focus was on saving bank accounts. We started increasingly mobilising people to open accounts in post offices as a result we have over six crore accounts during 2014-15 that have deposits of Rs 22,737 crore. Along with contribution from SB accounts we have started increasing our revenue through postal operations," he said.

"The total revenue target during 2014-15 was Rs 1,166 crore while we did Rs 1,271 crore. The revenue target in 2013-14 was Rs 971 crore and we did Rs 981 crore...We hope to achieve our revenue target of Rs 1,588 crore in 2015-16," he said adding Andhra Pradesh Circle contributes 11 per cent of total departmental revenue in the country.
AP Postal Circle has been in the fore front in making post offices viable.
"We have 16,155 post offices--10,375 offices in Andhra Pradesh and 5,870 in Telangana. We have been trying to use this network to make it useful to the public and post offices viable," Sudhakar said.

The turover during 2014-15 fiscal rose to Rs 67,211 crore up from Rs 50,548 crore during 2013-14 registering a growth percentage of 29 per cent, he said.

AP Postal Circle aims to bring down deficit that stood at Rs 265 crore during 2013-14 which reduced to Rs 121 crore in the last fiscal (2014-15).
"By March 2016 we will wipe off the deficit and we will go into profit," he said.
The Department of Posts will distribute 'Godavari Pushkaram Water' through all post offices in AP and Telangana during the ensuring Godavari Pushkaram period from July 14 to July 25.

"We have target of selling 7 lakh bottles (500 ml bottle at Rs 20 each)...The inquiries are likely to exceed 20 lakh (bottles) mark," Sudhakar said.
"We are also launching two other products including 12 special covers will be released related to themes of Godavari river and My Stamp on Godavari river.
"We also have plans to tap Ganga Water from Gomukh and supply to different parts of the country," he said.