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Doorstep banking services! PM launches India Post Payments Bank

Reported by:  PTC News Desk  Edited by:  Nimrat Kaur -- September 01st 2018 05:26 PM
Doorstep banking services! PM launches India Post Payments Bank

Doorstep banking services! PM launches India Post Payments Bank

Door step banking services! PM launches India Post Payments Bank Prime Minister Narendra Modi on Saturday launched the payments bank of Indian postal department that will take banking to doorstep of every citizen through an unmatched network of post offices and almost 3 lakh postmen and ‘Grameen Dak Sewaks’. India Post Payments Bank (IPPB) will be like any other banks but its operations will be on a smaller scale without involving any credit risk. PM Narendra Modi at the launch of India Post Payments Bank (IPPB) says, 'jis bhi bade dhani seth ko loan chahiye hota tha woh naamdaaron se phone kara deta'

'Through India Post Payments Bank (IPPB) we will reach to every nook & corner of the country. Bank & banking services will be available at every person's doorstep: PM Narendra Modi at the launch of India Post Payments Bank (IPPB)', said PM Modi.

PM Narendra Modi at the launch of India Post Payments Bank (IPPB) says, 'on one hand Indian sportsperson have given the best ever performance at the on the other hand our country has got a medal because of the GDP figures that have come out yesterday'


The freshly-minted payments bank will accept deposits of up to Rs 1 lakh, offer remittance services, mobile payments/transfers/purchases and other banking services like ATM/debit cards, net banking and third-party fund transfers. -PTC News

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