2 min read.Updated: 22 Aug 2018, 04:55 PM ISTLivemint
India Post Payments Bank has been allowed to link around 17 crore postal savings bank (PSB) accounts with its accounts
New Delhi: Prime Minister Narendra Modi will launch India Post Payments Bank (IPPB) on September 1, news agency PTI, reported, citing a senior government official. India Post Payments Bank will focus on providing banking and financial services to people in rural areas, by leveraging the reach of 1.55 lakh post office branches. The launch of India Post Payments Bank, the PTI report said, was rescheduled in the wake of seven-day national mourning declared after the demise of former Prime Minister Atal Bihari Vajpayee. Prime Minister Narendra Modi was to launch India Post Payments Bank on August 21.
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