Updated By: LatestGKGS Desk
Prime Minister of India, Narendra Modi on 1st September 2018 launched the India Post Payment Bank (IPPB) at Talkatora Stadium in New Delhi.
The India Post Payments Bank (IPPB) initiative aims to strengthen the expansive network of the postal department to ensure financial inclusion for the masses. Also, simultaneous launch events were held for the IPPBs at 650 branches and 3,250 access points.
IPPBs main objective is to build the most accessible, affordable and trusted bank for the common man, spearhead the financial inclusion agenda by removing the barriers for the unbanked and reduce the opportunity cost for the under banked populace through assisted doorstep banking.
IPPBs will also help significantly in expanding the reach of the banking sector in India. All the 1.55 lakh post offices in the country will be linked to the IPPB system by 31st December 2018.
IPPBs will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.
These products and related services will be offered across multiple channels (counter services, micro-ATM, mobile banking app, SMS and IVR), using the bank's state-of-the-art technology platform
Minister of education Ramesh Pokhariya and President Mr. Ram...
Prime Minister Modi Shared the Benefits and Affordability of...
Central Agriculture University Rani Laksmi Bai Administratio...
PM Modi Pays tribute to Major Dyanchand and wishes National ...
Prime Minister Narendra Modi tweets about the inaugurat...
How can a Worker Get PM Pension through PM Shram Yogi MaanDh...
Prime Minister Narendra Modi shares, about 6 years of succes...
Workers to get 3000 rupees per month under Pradhan Mantri Sh...
Prime Minister Narendra Modi Webinar on Defence Manufacturin...
List of topics people want to listen from prime minister Nar...
Principal Chief Commissioner of Income Tax, Mumbai announced...
Prime Minister Narendra Modi shares Modhera's Artistic Sun t...
» 4th BIMSTEC Summit 2018 Concludes: Kathmandu declaration adopted by members states
» Cabinet approved additional 2% DA for Central Government Employees DR to Pensioners
» UnionCabinet approved Revised Cost Estimate for establishing India Post Payments Bank
Privacy Policy | Twitter | RSS