Your post office to become bank from August!
Monday - July 30, 2018 2:27 pm ,
Category : WTN SPECIAL
Authorization from the Reserve Bank, Bank related works to be done in the post office
JULY 30 (WTN) - you used to go to post office only for postal related work, but now your post office is going to be fully banked from August. According to the information, through the India Post Payments Bank, you will now be able to transfer and accept the rupee form any bank account online.
Not only this, you will be able to pay bill of mobile, electricity and DTH recharging along with many. You will find these services through the mobile app. India Post Payments Bank i.e. IPPB services are scheduled to start from August. According to the information, after the initialization of the initial experiment, at the beginning of the bank there will be 650 branches and about 17 crore accounts.
India Post Payments Bank has got the permission to start working from the Reserve Bank of India. The final approval to start it is yet to be finalized form the Reserve Bank. After Airtel and Paytm, IPPB is the third such entity which has got the approval for starting a payment bank.
For your information, let you know that a person can deposit up to one lakh rupees in the payment bank. These banks are designed to fulfill the needs of small traders and common people. It will also provide Internet banking facility. Now as an experiment, India Post Payment Bank will be served in 250 branches.
The service of India Post Payments Bank will include 1,700 counters and 11,000 rural post offices, which will provide banking services. According to the information received from the media, India Post Payments Bank has also got approval for RTGS, NEFT and IMPS transactions. Through this, customers will be able to transfer their amounts in any bank account and also receive to their accounts.
According to the information, India Post Payment Bank will soon link about one lakh fifty five thousand post offices in the country. When it starts working fully, its customers will be able to pay around 100 billers through the India Post Payments Bank. Not only this, India Bill Payment System will be able to service the billers who take payment from the first day.
JULY 30 (WTN) - you used to go to post office only for postal related work, but now your post office is going to be fully banked from August. According to the information, through the India Post Payments Bank, you will now be able to transfer and accept the rupee form any bank account online.
Not only this, you will be able to pay bill of mobile, electricity and DTH recharging along with many. You will find these services through the mobile app. India Post Payments Bank i.e. IPPB services are scheduled to start from August. According to the information, after the initialization of the initial experiment, at the beginning of the bank there will be 650 branches and about 17 crore accounts.
India Post Payments Bank has got the permission to start working from the Reserve Bank of India. The final approval to start it is yet to be finalized form the Reserve Bank. After Airtel and Paytm, IPPB is the third such entity which has got the approval for starting a payment bank.
For your information, let you know that a person can deposit up to one lakh rupees in the payment bank. These banks are designed to fulfill the needs of small traders and common people. It will also provide Internet banking facility. Now as an experiment, India Post Payment Bank will be served in 250 branches.
The service of India Post Payments Bank will include 1,700 counters and 11,000 rural post offices, which will provide banking services. According to the information received from the media, India Post Payments Bank has also got approval for RTGS, NEFT and IMPS transactions. Through this, customers will be able to transfer their amounts in any bank account and also receive to their accounts.
According to the information, India Post Payment Bank will soon link about one lakh fifty five thousand post offices in the country. When it starts working fully, its customers will be able to pay around 100 billers through the India Post Payments Bank. Not only this, India Bill Payment System will be able to service the billers who take payment from the first day.
