Maha, Goa post offices net over Rs 1,000 cr in exchange,

Maharashtra and Goa Postal Circle today crossed the figure of Rs 1,000 crore in terms of exchange of old Rs 500, Rs 1000 notes and receipt of deposits in savings accounts, a senior official said.
Since November 10, our post offices are collecting demonetised banknotes and disbursing valid notes, besides taking deposits from savings account holders. The figure crossed Rs 1,000 crore mark during the first few hours today, he said.
A major chunk of this is in the form of deposits, the official said, adding, "After initial rush for exchange (of old Rs 500 & Rs 1,000 notes) we are now seeing more of deposits."

With 3.11 crore savings account holders, Maharashtra and Goa Circle has a vast network of 61 head post offices, 2,154 sub-post offices and 10,644 Gramin Dak Sewa branches.
Almost all post and sub-post offices are engaged in exchanging of notes following demonetisation of Rs 500 and Rs 1,000 notes on November 8.
"Since the announcement of demonetisation by Prime Minister Narendra Modi, people have been thronging not only banks, but also post offices to exchange scrapped currency notes in their possession," the official said.

He said, "To meet the heavy rush of customers, our staff members are working up to to 12-14 hours a day."

Cashing in on the demonetisation move and rush of citizens, the Postal Circle has started marketing its various products and investment schemes.
"People coming to exchange currency notes are our potential customers. We want them to invest their money in our different schemes," Chief Post Master General of Maharashtra and Goa Circle Harish Chandra Agrawal said.