It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
Replying to supplementaries during Question Hour in Rajya Sabha, Telecom Minister Kapil Sibal said there are 154,688 post offices in the country, the largest postal network in the world.
Changing with the times and in compliance with social distancing norms, customers are now picking up their parcels, speed posts and registered letters within the city themselves after they are informed on phone.
Employees and workers will meet on November 27 to protest against the recommendations