August 8, 2018 2:14 PM

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PM Modi to launch 650 branches of India Post Payments Bank (IPPB) on the 21st of this month

<span style="color: #222222;">Prime Minister Narendra Modi will launch 650 branches of India Post Payments Bank (IPPB) on the 21st of this month. <br />''<br />''This was informed by Minister of State for Communications Manoj Sinha while interacting with the media in New Delhi today. <br />''<br />''He said the nationwide launch will significantly augment the reach and impact of the banking sector. <br />''<br />''He said the IPPB will leverage the vast network of the Department of Posts with 1.55 lakh access points, three lakh postmen and Grameen Dak Sewaks. <br />''<br />''The Minister said the IPPB will offer a range of services, including Savings and Currents Accounts, money transfer, Direct Benefits Transfer (DBT) and merchant payments.</span><br />

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