Q. India Post Payments Bank (IPPB), recently marked its 7th foundation day, operates under which ministry?
Answer:
Ministry of Communication
Notes: India Post Payment Bank (IPPB) recently celebrated its 7th Foundation Day. IPPB was established under the Department of Posts, Ministry of Communication, with 100% ownership by the Government of India. It aims to provide efficient banking services to every household in India, enhancing financial security and empowerment. IPPB leverages a vast postal network of over 1,61,000 post offices across the country. Services offered include savings and current accounts, Direct Benefit Transfers, bill and utility payments, and access to third-party products like loans and insurance.