• Become a Contributor
  • About Us
Sunday, February 5, 2023
No Result
View All Result
ReadersFusion
  • News
    Indian Idol 13 Episode 43

    Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

    Most Streamed Netflix Hits

    The Most Streamed Netflix Hits In India in 2022

    Karan Johar - Lenskart

    LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

    ech Firms Announce Layoffs

    Top Tech Firms Announce Layoffs: Opinion from the Experts in India

    Indian Idol Season 13 Republic Day Episode

    Indian Idol Season 13: No Elimination for 4 Weeks and the Season now Enters into a PowerPlay – Know the Details

    Mission Majnu Review

    Mission Majnu Review: Siddharth Malhotra, Rashmika, and Sharib Deliver Staggering Performance

  • Entertainment
  • Technology
    • All
    • Apple
    • Nokia
    • OnePlus
    • Samsung
    ech Firms Announce Layoffs

    Top Tech Firms Announce Layoffs: Opinion from the Experts in India

    Top Online Online Games

    10 of the Top Online Games You Should Be Playing Right Now

    Apple iOS 16 WWDC 2022

    Apple Reveals when Users can use iOS 16 at WWDC 2022 – Check the List of Compatible iPhones

    Whatsapp Insta FB down globally

    WhatsApp, Instagram and Facebook are Down Worldwide – Know the Details

    Oreo TV APK Download

    Oreo TV APK – How to Download and Stream your Favorite Movies, Web Series for Free

    Top 10 Cloud Computing Companies

    Top 10 Best United States Cloud Computing Companies that can Boost your Profits

    Trending Tags

    • Interviews
    • Web Stories
    • News
      Indian Idol 13 Episode 43

      Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      Indian Idol Season 13 Republic Day Episode

      Indian Idol Season 13: No Elimination for 4 Weeks and the Season now Enters into a PowerPlay – Know the Details

      Mission Majnu Review

      Mission Majnu Review: Siddharth Malhotra, Rashmika, and Sharib Deliver Staggering Performance

    • Entertainment
    • Technology
      • All
      • Apple
      • Nokia
      • OnePlus
      • Samsung
      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      Top Online Online Games

      10 of the Top Online Games You Should Be Playing Right Now

      Apple iOS 16 WWDC 2022

      Apple Reveals when Users can use iOS 16 at WWDC 2022 – Check the List of Compatible iPhones

      Whatsapp Insta FB down globally

      WhatsApp, Instagram and Facebook are Down Worldwide – Know the Details

      Oreo TV APK Download

      Oreo TV APK – How to Download and Stream your Favorite Movies, Web Series for Free

      Top 10 Cloud Computing Companies

      Top 10 Best United States Cloud Computing Companies that can Boost your Profits

      Trending Tags

      • Interviews
      • Web Stories
      No Result
      View All Result
      ReadersFusion
      No Result
      View All Result
      Home Finance

      Narendra Modi all set to launch Post Payments Bank

      by Kanika Kathpalia
      September 2, 2018
      in Finance, News
      Reading Time: 2 mins read
      71 1
      0
      India Post Payments Bank
      1.4k
      VIEWS
      Share on FacebookShare on Twitter

      Prime Minister Narendra Modi took to launch the India Post Payments Bank on Saturday. It will be offering a great platform to the postal department so as to include finances among the masses.

      As per the official reports the event was held at Talkatora Stadium of New Delhi. More event launches are to be held for 650 branches and access points which range for 3250. The source added, “IPPB has been envisioned as an accessible, affordable and trusted bank for the common man, to help speedily achieve the financial inclusion objectives of the Union Government.”

      RelatedPosts

      Indian Idol 13 Episode 43

      Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

      February 5, 2023
      Most Streamed Netflix Hits

      The Most Streamed Netflix Hits In India in 2022

      February 4, 2023
      Karan Johar - Lenskart

      LensKart TVC Shows Karan Johar’s Obsession, He Wants to Be a Co-Founder

      January 30, 2023
      ech Firms Announce Layoffs

      Top Tech Firms Announce Layoffs: Opinion from the Experts in India

      January 24, 2023

      Post Payments Bank IndiaPost Payments Bank: The services

      The payment bank works to ensure the 100 percent equity around the Indian Government. It will help to increase the network around Department of Posts (DoP). More than three lakh postmen have been working in the DoP sector along with a huge number of Grameen Dak Dreams. It is being expected by the end of the year (31 December 2018), the total 1.55 lakh post offices around the country will be connected with the IPPB system. This will prove to beneficial for the reach of banking sector in the rural India.

      The services offered by IPPB will be vast and very effective as that of the banking services. These services will be wide and have a lot to offer. Some of the prominent services include money transfer, current and savings account, enterprise and merchant payments, bills and utilities payments and direct benefit transfers.

      All these services and products offered by IPPB will be available across various platforms. The platforms may be inclusive of banking app, IVR, SMS and so on. All these will be available through the technology platform for state-of-the-art.

      Post Payments Bank: The take of government

      The cabinet this week stated that there will be an increase in expenditure of IPPB by 80 percent. It will go upto Rs 1435 crore. This move, if required will also be well supported in order to compete with its existing rivals such as Airtel Payments Bank and Paytm Payments Bank. As per a statement the price of the total technology will be somewhere around Rs 400 crore while that of human resources will be Rs 235 crore.

      Modi Post Payment BankPost Payments Bank: The Launch

      Pointing to the defaulters of loan, Modi said, “Four-five years back, majority of funds with banks was reserved only for those close to one family. Our own government brought the truth of the NPA, the scam of the previous government in front of the country. We not only detected the disease, but also searched for the cause and took several important steps to repair the disease.”

      Modi took to inform to the audience that in the past four years, all the loans applied which were more than Rs 50 crore were thoroughly reviewed by the NDA government. They also took special measures to ensure that all the rules regarding the loan were followed in the right manner. He added, “We changed the law, decided to merge the banks and promotion of professional approach in the banking sector.”

      Prime Minister took the opportunity to show the rise of Indian GDP while talking of the the performance of Indians at the Asian Games. He said that all these portray a “bright picture of new India.”

      Tags: India post payments bankPost Payments Bank Modi
      Kanika Kathpalia

      Kanika Kathpalia

      I have a keen interest to learn and share the financial literacy to help people plan and manage their finances better. I'm a Certified Financial Planner and help people achieve their financial goals in life.

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Recommended

      Indian Idol 13 Episode 43

      Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage

      7 hours ago
      Luther- The Fallen Sun Coming on Netflix

      Luther: The Fallen Sun, a Movie Based on BBC Series Luther is Releasing on Netflix, Know Everything We Know So Far

      13 hours ago
      Shehzada Movie

      ‘Shehzada: Duniya ka Sabse Gareeb Prince’, Starring Kartik Aaryan and Kriti Sanon

      21 hours ago
      11 Netflix Sex Scenes You Must Watch This Valentine Day

      11 Netflix Sex Scenes You Must Watch This Valentine Day

      1 day ago

      Latest Posts

      • Indian Idol 13 – Its Boys vs Girls in Episode 43 – Watch Kartik Aaryan and Kriti Sanon Grace the Stage
      • Luther: The Fallen Sun, a Movie Based on BBC Series Luther is Releasing on Netflix, Know Everything We Know So Far
      • ‘Shehzada: Duniya ka Sabse Gareeb Prince’, Starring Kartik Aaryan and Kriti Sanon
      • 11 Netflix Sex Scenes You Must Watch This Valentine Day
      • The Night Manager: Indian Adaption of British Show, Know the Release Date, Cast, and Plot Details

      More from ReadersFusion

      • About Us
      • Become a Contributor
      • Contact
      • Disclaimer
      • Policy
      • Web Stories

      Follow Us

      Newsletter

      • About
      • Contact

      © 2023 Readers Fusion

      No Result
      View All Result
      • Home
      • World
      • Entertainment
      • Sports
      • Travel
      • Tech

      © 2023 Readers Fusion

      Welcome Back!

      Login to your account below

      Forgotten Password?

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In