Saturday, October 10, 2015

India Post Payment Bank (IPPB) - An overview

NATIONAL POSTAL WEEK

10.10.2015 : SAVINGS BANK DAY


Dear sir

As a part of National Postal Week, India Post is celebrating Savings Bank Day on 10.10.2015.

On this occasion, it would be most appropriate to know something about India Post Payment Bank (IPPB) for which we have already got approval from RBI on 7th September, 2015. Department of Posts has to set up and operationalize the bank within the valid period of 18 months i.e. by March 2017.

Let’s have an overview.