current affairs

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 Opening “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.




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