Ippb Launch Deferred [India Postal Service Payments Bank]
NEW DELHI, AUG 17
The launch of Bharat Post Payments Bank (IPPB) is beingness rescheduled inwards the wake of the seven-day national mourning to pay homage to quondam Prime Minister Atal Bihari Vajpayee, an official source said. Prime Minister Narendra Modi was to launch IPPB on August 21.
“Launch of IPPB is beingness rescheduled due to national mourning to pay homage to Atal ji. New appointment volition last announced soon,” the source told PTI.
Vajpayee, the showtime non-Congress prime number government minister who completed a amount five-year term, died at AIIMS hither yesterday at the historic menstruation of 93, next a prolonged illness.
The regime plans to launch 650 branches of IPPB across the country. All 1.55 lakh ship service role branches volition last linked to IPPB past times the cease of this twelvemonth to work the largest banking network inwards the country, with a broad rural footprint.
There are 1.3 lakh ship service offices inwards rural areas that stimulate got a make inwards neighbouring villages. With these rural ship service role branches, IPPB services volition last made available across all the villages inwards the country.
Payments banks tin sack convey deposits upward to Rs 1 lakh per describe of piece of work organisation human relationship from individuals together with pocket-size businesses, together with facilitate coin transfer to other depository fiscal establishment accounts, with other services. However, they cannot offering loans, or number credit cards.
With third-party tie-ups, describe of piece of work organisation human relationship holders inwards IPPBs volition last able to avail of fiscal services every bit inwards the illustration of a regular banking customer.
In sentiment of the State Mourning on describe of piece of work organisation human relationship of the decease of quondam Prime Minister Shri Atal Bihari Vajpayee, the nationwide IPPB launch events scheduled for August 21, 2018 stand upward deferred. Influenza A virus subtype H5N1 novel appointment volition last decided upon inwards due course.
The launch of Bharat Post Payments Bank (IPPB) is beingness rescheduled inwards the wake of the seven-day national mourning to pay homage to quondam Prime Minister Atal Bihari Vajpayee, an official source said. Prime Minister Narendra Modi was to launch IPPB on August 21.
“Launch of IPPB is beingness rescheduled due to national mourning to pay homage to Atal ji. New appointment volition last announced soon,” the source told PTI.
Vajpayee, the showtime non-Congress prime number government minister who completed a amount five-year term, died at AIIMS hither yesterday at the historic menstruation of 93, next a prolonged illness.
The regime plans to launch 650 branches of IPPB across the country. All 1.55 lakh ship service role branches volition last linked to IPPB past times the cease of this twelvemonth to work the largest banking network inwards the country, with a broad rural footprint.
There are 1.3 lakh ship service offices inwards rural areas that stimulate got a make inwards neighbouring villages. With these rural ship service role branches, IPPB services volition last made available across all the villages inwards the country.
Payments banks tin sack convey deposits upward to Rs 1 lakh per describe of piece of work organisation human relationship from individuals together with pocket-size businesses, together with facilitate coin transfer to other depository fiscal establishment accounts, with other services. However, they cannot offering loans, or number credit cards.
With third-party tie-ups, describe of piece of work organisation human relationship holders inwards IPPBs volition last able to avail of fiscal services every bit inwards the illustration of a regular banking customer.
In sentiment of the State Mourning on describe of piece of work organisation human relationship of the decease of quondam Prime Minister Shri Atal Bihari Vajpayee, the nationwide IPPB launch events scheduled for August 21, 2018 stand upward deferred. Influenza A virus subtype H5N1 novel appointment volition last decided upon inwards due course.
