PM Narendra Modi launches India Post Payments Bank on Saturday

Prime Minister Narendra Modi on Saturday launched India Post Payments Bank (IPPB) – the largest payments bank in the country- at an event in Delhi’s Talkatora Stadium. The IPPB will have a robust network with 650 branches and 3250 Access Points across the country. The IPPBs will be linked with all the 1.55 lakh Post Offices in the country by December 31. The IPPB will offer a wide range of banking services such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.