- The Prime Minister, Shri Narendra Modi, will launch the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi on 01 September 2018.
- IPPB has been envisioned as an accessible, affordable and trusted bank for the common man, to help speedily achieve the financial inclusion objectives of the Union Government.
- IPPB will have 650 Branches and 3250 Access Points spread across the country, and 1.55 lakh Post Offices in the country will be linked to the IPPB system by December 31, 2018.
- IPPB will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.
- IPPB Headquarters: New Delhi, India
- IPPB Founded on 2017
- IPPB Motto: Aapka Bank Aapke Dwaar
- IPPB MD & CEO: Mr. Suresh Sethi
Published On : 31 Aug 2018
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