Between serpentine queues at banks and perennial cash crunch at ATMs, having cash at hand has become something of a luxury in India. There’s also the question of spiking minimum balance at banks and transaction fees, making it difficult for rural communities and working classes to access reliable banking services. While banks grapple to offer the best rates, the humble post office is quietly offering a substitute. With ATMs being set up around the country and lower saving schemes, India Post is emerging as a cost-effective alternative to conventional banks. In addition to delivering snail mails and money orders, India Post has been running a number of small savings schemes since 1882, including savings and recurring accounts as well as time deposits. Opening a bank account in the post office takes a mere ₹20 and the minimum balance to be maintained is ₹50 “We want to serve everyone,” says KVLN Murthy, senior superintendent of post offices for Visakhapatnam division, adding that there are thousands of postal savings account holders in his district alone. While these cost-effective saving schemes have existed for a while, 2016 witnessed a sustained effort towards digitalising and consolidating India Post operations. Its most recent development is a series of India Post ATMs, that are being opened around the country, from Jammu & Kashmir to Kerala. Presently, India Post has over 1,50,000 branches and offers postal access to some of the most remote locations around the country. The department has a long way to go, but there’s certainly hope for a department which is often considered obsolete in the technological age. Follow India Post on Twitter for updates and complaints redressal or call the ATM helpline on 1800 425 2440.