New Delhi: the Central Government from today onwards, through the India Post Payments Bank (IPPB), will be given banking facilities to those people who have not been able to avail of these services till date. The government has created this scheme because of its reliance on post offices. Prime Minister Narendra Modi will go to Taalkota Stadium today and launch the IPPB scheme. This is a very large start up service and this service will include 650 branches and it will start its banking with 17 crore accounts.
This will also benefit the people living in the village at a very large scale. The IPPB banking service will be the most beneficial for post offices. You will be surprised to know that among those who received approval for payment banks, the first Airtel and then PAYTM has been set up after the third unit of IPPB. The Government said that under this 1.55 lakh post office branch customers in India will be able to work for all people of nation. Being a last person They will decide the purpose of delivering services to them.
3250 Access Points will spread across the country. The launch events will simultaneously be held at these branches and access points.
All the one lakh 55 thousand Post Offices in the country will be linked to the IPPB system by 31st of December this year.
The Bank will offer a range of products such as savings and current accounts, money transfer, bill and utility payments and merchant payments.
During this time, a total of 650 payment banks will work as a branch control office, meaning that 650 Payments will be the option of offering backing facility in all post offices along with the bank. With this, it is also decided that 5,000 ATMs will also be started within a set time. IPPB is going to be made the country's largest financial services network.