IPPB News
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According to the current statement on the IPPB website, starting February 1, 2022, the rate for balances up to Rs 1 lakh will be 2.25 percent.
Customers will receive quarterly interest calculated on their daily EOD balance.
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If you transfer funds to an IPPB account, you can directly pay the premiums for any of the nine schemes offered by the Post Office.
Some of the most popular schemes offered by the Post Office are Recurring Deposit, PPF, and Sukanya Samriddhi Scheme.
Investors can also get income tax benefits under Section 80 C of the Income Tax Act.
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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.
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Customers will be able to avail the service from the 650 branches of India Post Payments Bank across the country.
IPPB has deployed over 2 lakh Postman and Gramin Dak Sevak to provide several services services at home.
IPPB is planning to roll out the service soon.
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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.
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A few days after news of an old lady in Odisha being dragged to the bank in a cot by her daughter went viral, Union Minister Ravi Shankar Prasad decided to lend help to the family.
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IPPB will leverage the vast network of the Department of Posts to help augment the reach of banking sector in the country.
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IPPB will leverage the vast network of the Department of Posts to help augment the reach of banking sector in the country.
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IPPB will have at least one branch in every district and focus on financial services in rural areas.
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With the nationwide rollout of the India Post Payments Bank (IPPB) Expansion Programme scheduled to begin in April this year, digital payments in post offices are expected to be enabled around the same time.
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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.
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Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses.
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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.
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India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in Raipur and Ranchi on February 1.
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India Post Payments Bank (IPPB) on Monday kicked off its operations by rolling out pilot services in Raipur and Ranchi.
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India Post Payments Bank, which plans to commence operations next year, has started the process of recruitment for key positions such as Chief Executive Officer, Managing Director and Chief Technology Officer.
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Government is firming up plans to set up 650 branches of India Post Payments Bank at all major district headquarters by September 2017, Telecom and IT Minister Ravi Shankar Prasad today said in a letter to all postal employees.
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