The post office will become the country's largest payment bank, which will provide free amenities, know details

The post office will become the country's largest payment bank, which will provide free amenities, know details


The post office near you is going to be a bank soon. Now you can deposit money in other banks like this. Plus this will provide you many free services against other banks



According to a statement from the Department of Post, India Post Payment Bank (IPPB) is being expanded rapidly. By April 2018, there are plans to start its services across India. According to AP Singh, by the end of 2018, all three lakh employees will be provided this service. This will also be India's second largest bank.

The country's old bank charges money for ATMs and other Internet banking facilities. But the post office payment bank customer will not have to pay any type of charge to take the ATM. Similarly, the bank will not charge any charge for mobile alerts. Currently, most banks charge a charge of Rs 25 to 50 for SMS alerts. There is no charge for quitting the quarterly balance.

According to AP Singh, Chief Executive Officer of India Post Payment Bank, by the end of 2018, all three lakh employees will be offered this service. He said that by March 2018, our post bank will be in every district and by the end of 2018 all the 1.55 lakh post offices and rural postmen in the country will have access to this facility.

This bank was conceived by former RBI governor Radhuman Rajan. It is believed that it will diversify into the banking sector and so far people away from the banking system will also be involved. Any customer can connect with her through identity card. You can survive by opening a bank account and moving towards Cashless Economy.

Previous Post Next Post