India Post Payments Bank Current Affairs, GK & News

Financial support to IPPB

The Union Cabinet has given its approval for the financial support of Rs 820 crore for the India Post Payments Bank. This monetary support will help the state-run payments bank penetrate deeper into the nation, especially in the country’s rural areas, and will work towards boosting financial inclusion. Overview: IPPB has more than five crore ..

Month: 

Category: 

Topics: 

Fincluvation: IPPB’s New Fin-tech Initiative

On 21st April 2022, India Post Payments Bank (IPPB) launched a joint initiative named Fincluvation with the aim of collaborating with the financial technology (fintech) start-up community so as to innovate and co-create solutions for financial inclusion. Overview: The mentors of Fincluvation will be working closely with the start-ups to tweak the products to the ..

Month: 

Category: 

Topics: 

October 9: World Post Day

Every year, the World Post Day is celebrated by the United Nations on October 9. This is being celebrated on October 9 to commemorate the establishment of Universal Postal Union in October 9, 1874. The day was declared as World Post Day at the Universal Postal Union Congress held in Japan in 1969. Highlights The ..

Month: 

Category: 

Topics: 

India Post Payment Bank achieves 3.6 crore customers

The India Post Payment Bank, even amid COVID-19 pandemic, has attained 3.6 crores of customers. Till September 15, 2020, the bank had completed 38,500 crores of financial transactions. Highlights In August 2019, it had crossed the milestone of one crore customers. This has been achieved by the bank in just two years of launch. The ..

Month: 

Category: 

Topics: 

India Post launches Five Star Villages Scheme

Five Star Village Scheme has been launched by The Department of Posts. The scheme ensures the universal coverage (100 % coverage) of flagship postal schemes in rural areas of India. Key facts Scheme will be first implemented in Maharashtra. 50 villages in each district will be covered during 2020-2021. The scheme is aimed at bridging ..

Month: 

Category: 

Topics: 

India Post Payment Bank

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 ..

Topics: