PM Modi will Launch “India Post Payments Bank” on August 21 2018.

Dear All readers of you will get happy to listen the news of OpeningĀ “India Post Payments Bank” . This service will be launched on 21st August 2018 by PM Modi Ji. This is main Aim to provide the banking service in whole India Below i give some important points related this.

Short information about this service.


  • This main purpose to give the banking service in Rural area of India.
  • Near about 648 Branches will be opened in country .
  • This branches will be opened in every district
  • Government will connect at least 1.55 Lakh post office branches with IPPB.
  • Payment Post Payment Bank will give the all service like other banks .
  • This payment bank will provide the RTGS, NEFT, AND IMPS to its Customer.
  • Government will make the all payments through this payment bank service like NREGA Wages, Subsidies, Pension etc.
  • Government of India has decided to launched an App of India Post Payment Bank . With this app customers can make the recharge their mobile or DTH, make bill payment of electricity etc.
  • This payment bank will accept upto 1 Lakh each customer account.