India Post Payment Bank (IPPB) - An overview
NATIONAL POSTAL WEEK
10.10.2015 : SAVINGS BANK DAY
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.