India Post Payments Bank will be inaugurated by PM Modi on August 21

India Post Payments Bank will be inaugurated by PM Modi on August 21
India Post Payments Bank will be inaugurated by PM Modi on August 21

India Post Payments Bank will be inaugurated by PM Modi on August 21

Prime Minister Narendra Modi on August 21 will launch India Post Payments Bank (IPPB), focus on financial services in rural areas. The 648 branches will be launched across country in every district.
 
Union Government is link all the 1.55 lakh post office branches with IPPB services. IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area.

IPPB was the third entity to receive payments bank permit after Airtel and Paytm. Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.

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