India Post PAyment Bank Current Affairs, GK & News

India Post Payment Bank

April 22, 2020

The India Post Payment Bank has recorded an all-time high of 1,09,000 transactions, worth nearly 23 crore INR in light of the lockdown. About IPPB The India Post Payment Bank is a public sector bank that was founded in 2018. The India Post is the parent organisation of IPPB. It functions under the Union Ministry ..

India Post Payments Bank and HDFC joined hands to offer home loans

October 27, 2021

India Post Payments Bank (IPPB) and HDFC bank has signed a memorandum of understanding (MoU) for offering home loans to about 4.7 crore customers of the payments bank. Key Facts IPPB, that leverages its country-wide network of 650 branches and more than 1,36,000 banking access points or Post offices, aims to make home loan products of HDFC available to its ..

Month: 

Category: 

Topics:  • • •

Basic Savings Account can be opened in Post Offices

April 12, 2021

The Ministry of Finance recently notified changes in Post Office Savings Account Scheme, 2019. The ministry notified that a beneficiary of Government welfare scheme can open a basic savings bank account with any post office in the country. What are the changes introduced? The accounts can be opened in an India Post Payment Bank or ..

Month: 

Category: 

Topics:  • • • • •

DakPay of India Post Payment Bank

December 16, 2020

“DakPay” is an application launched by India post payment Bank as a part of its ongoing initiatives to provide digital financial inclusion to the country. The application was launched by the Union Minister for communications, law and Justice and electronics and information technology Sri Ravi Shankar Prasad. Key features The customers of India post payments ..

Month: 

Category:  •

Topics:  • • • • • • •