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India Post Payments Bank News

01 Sep 2024

India Post Payments Bank Disbursed Over Rs 45,000 Cr In DBT In Last 7 Years

In the last seven years, the India Post Payments Bank (IPPB) enabled paperless, cashless and presence-less banking while acquiring over 9.88 crore customer accounts.

India Post Payments Bank

27 Sep 2022

Post Office Insurance Scheme: Get Rs 10 lakh cover for just Rs 399

India Post Payments Bank has come out with two cheaper accidental insurance Both Rs 399 and Rs 299 plans offer Rs 10 lakh coverage in case of accident The policy can be purchased for one year and needs to be renewed

India Post Payments Bank

28 Apr 2022

India Post Payments Bank gets additional financial support of Rs 820 crore

The Cabinet has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) from Rs.1435 crore to Rs.2255 crore as equity infusion to meet regulatory requirement.

28 Dec 2021

ATM transaction to bank withdrawal charge: Major rules changing from January 1

New rules from January 2022. These rules impact the common man directly. Check 5 new rules.

India Post Payments Bank

20 Dec 2021

THIS Bank will charge for depositing, withdrawing more than Rs 10K from Jan 1

IPPB charges. New charge for depositing, withdrawing more than Rs 10,000. New charges from January 1.

03 Dec 2021

India Post Payments Bank revises cash withdrawal, deposit charges

The new charges will be applicable from January 1, 2022. IBBP said that the above-mentioned charges are exclusive of goods and service tax (GST) or applicable CESS. ICICI Bank also announced that it is going to revise the Service charge on the ICICI Bank Savings Accounts.

India Post Payments Bank

12 Nov 2021

Post Office to sell 2 insurance schemes in partnership with Bajaj Allianz

The three companies in the partnership are aiming to bridge the financial ga by offering insurance products to the unbanked. Bajaj Allianz Life Insurance will sell Bajaj Allianz Life Smart Protect Goal and Bajaj Allianz Life Guaranteed Pension Goal. The former is a term insurance product while the latter is an annuity plan.

14 Jul 2021

IPPB to revise banking fees for select services from August 1

IPPB was providing doorstep delivery service to its customers for free of cost till now. Customers will have to pay Rs 20 plus GST charge from August 1 to use doorstep banking services. Customers will have to pay 20 plus GST for remittances, DoP products, and mobile payments (excluding prepaid), among other services.

15 Dec 2020

India Post Payments Bank launches digital payments’ services DakPay

DakPay is a suite of digital banking services. It allows sending money to the loved ones. This is India Post's efforts during fight against Covid-19.

India Post Payments Bank

09 Sep 2019

India Post Payments Bank rolls out Aadhaar enabled payment services

With AePS services any common person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.

02 Sep 2018

Didn't have a bank account before becoming MLA, recalls PM Modi

Modi launched the payments bank of Indian postal department that will take banking to doorstep of every citizen through an unmatched network of post offices and almost 3 lakh postmen and 'Grameen Dak Sewaks'.

India Post Payments Bank

01 Sep 2018

PM Modi launches India Post Payments Bank, hails postmen for connecting India

IPPB will leverage the vast network of the Department of Posts to help augment the reach of banking sector in the country.

India Post Payments Bank

22 Aug 2018

India Post Payments Bank launching on September 1: Five things to know

IPPB will have at least one branch in every district and focus on financial services in rural areas.

01 Aug 2018

PM Modi to inaugurate 650 branches of Post bank soon

The India Post Payments Bank (IPPB) will have 1.55 lakh access points.

India Post Payments Bank

23 Oct 2017

India Post Payments Bank hires ex-Vodafone top exec as MD, CEO

The IPPB had targeted to set-up 650 branches across country by September this year but it now aims to complete the roll out of these branches by early next year.

India Post Payments Bank

14 Sep 2017

All 1.55 lakh post offices to offer payments bank service

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses.

India Post Payments Bank

23 Apr 2017

Post Bank to start selling MF, insurance products by March 2018

India Post Payments Bank (IPPB) will start selling mutual funds and insurance products of other companies by early 2018 and is open only to "non- exclusive" tie-ups, its Chief Executive A P Singh has said.

13 Feb 2017

Govt allocates Rs 500 cr to India Post Payments Bank

Government has allocated Rs 500 crore to India Post Payments Bank for financial year 2017-18 as it gears up to set up 650 branches across country by September 2017.

10 Feb 2017

This is how India Post Payments Banks will bring banking to your door step

India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in Raipur and Ranchi on February 1.

30 Jan 2017

India Post Payments Bank starts pilot services

India Post Payments Bank (IPPB) on Monday kicked off its operations by rolling out pilot services in Raipur and Ranchi.

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