Prime Minister Narendra Modi will launch India Post Payment Bank (IPPB) on September 1, 2018.  Earlier it was to be started on August 21, but this program was postponed due to the 7-day national mourning by the Center on the passing away of former Prime Minister Atal Bihari Vajpayee.

India Post Payment Bank will work under the post office. Came in the country P. P. B People will get the benefit of banking services in 650 branches, ie each district will have a branch, as well as 3,250 in the post offices. P. P. B There will be a center.

In the Post Payment Bank, you will be able to open three types of savings accounts – Regular Savings Account, Digital Savings Account and Basic Savings Account. These three accounts can be opened on zero balance. Airtel and Betim in the private sector are already servicing the payment bank.

This post payment bank will also provide banking facilities at home, such as opening an account. For this, approximately 11,000 postman will be appointed to provide services in the villages and cities. By the end of this year, the Postal Department had 1.55 lakh post offices. P. P. B Services will be connected.

Through the post offices in every district, towns and villages of the country, the common people will get the benefits of banking services. 24 hour customer support will also be available.

Mobile banking, phone banking and s. M. S. Banking comes apart. P. P. B ‘QR card. With the help of QR cards, you will be able to exchange transactions without remembering the number. All transactions will be verified through bio-metric, meaning that even if the card is lost, you will not be able to make any money.

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