Prime Minister Modi launches india post payments bank in india on 1st september|Nuakrikhojo

Prime Minister Narendra Modi launched India Post Payments Bank (IPPB) on 01 September 2018 at New Delhi's Taalkota Stadium.

Important Points

◆ On the launch day, 650 branches of IPPB and 3250 access points (access centers / activity centers) were opened throughout the country, where parallel launch programs were organized.

◆ All 1.55 lakh post offices across the country will be connected to the IPPB system by December 31, 2018.

◆  India Post Payments Bank will provide savings and savings such as current accounts, fund transfer, direct benefit transfer, bill and utility payments and enterprise and commercial payments.

◆ The launch of IPPB(India Post Payments Bank) is another important milestone in strengthening the efforts of the central government to facilitate faster growth of India's advantage towards the development of the country in the remote corners of the country.

Objective of India Post Payments Bank

The IPPB is being tried for institution of a standard, reasonable and dependable bank for the soul in order that the monetary inclusion objectives of the Central Government is met in speedy completion. it'll be of nice profit to the communicating department cover each corner of the country, with over three,00,000 postmen and therefore the immense network of rural mail servers. Therefore, IPPB can play a major role in increasing the reach of banks to individuals in India.

These facilities and related related services will be made available through multi-option media (counter services, micro-ATM, mobile banking app, SMS and IVR) using the latest state-of-the-art technology platform.