With the financial year coming to a close, there is a rush from investors to invest in government's small savings schemes.
In a statement, the Postal Department said it has invoked the business continuity plan for opening of new accounts and withdrawal by customers. Additionally, small savings agents will work in offline mode wherever and whenever the core banking services (CBS) network turns sluggish owing to high-volume transactions.
To speed up CBS, server capacity has also been enhanced at the data centre facility. Moreover, all post offices across the country shall conduct POSB (post office savings bank) transactions upto 2200 hrs on March 31, 2016.
