Pm To Launch India Post Payments Banking Venture On Saturday, 1St September [Pib News]

Agustus 28, 2018   IPPB   Comment  

Prime Minister's Office

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PM to launch Republic of Republic of India Post Payments Bank on Saturday, 1st September

Posted On: 31 AUG 2018 11:40AM past times PIB Delhi

The Prime Minister, Shri Narendra Modi, volition launch the Republic of Republic of India Post Payments Bank (IPPB) at Talkatora Stadium inward New Delhi on September 1st, 2018.

IPPB has been envisioned every bit an accessible, affordable together with trusted banking concern for the mutual man, to tending speedily accomplish the fiscal inclusion objectives of the Union Government. It volition leverage the vast network of the Department of Posts, which covers every corner of the province amongst to a greater extent than than 300,000 Postmen together with Grameen Dak Sewaks. IPPB volition so significantly augment the give of the banking sector inward India.

• The launch of IPPB marks simply about other pregnant milestone inward the Union Government’s endeavor to accept the benefits of a quickly developing Republic of Republic of India to the remotest corners of our country.
• On the solar daytime of the launch, IPPB volition induce got 650 Branches together with 3250 Access Points spread across the country. Simultaneous launch events volition survive held at these branches together with access points.
• All the 1.55 lakh Post Offices inward the province volition survive linked to the IPPB organisation past times Dec 31, 2018.

IPPB volition offering a hit of products such every bit savings together with electrical current accounts, coin transfer, right away create goodness transfers, neb together with utility payments, together with company together with merchant payments. These products, together with related services, volition survive offered across multiple channels (counter services, micro-ATM, mobile banking app, SMS together with IVR), using the bank’s state-of-the-art applied scientific discipline platform. 

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