![\"<p>Minister](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
“The IPPB will spearhead the financial inclusion agenda by removing barriers for the unbanked and underbanked population,” Manoj Sinha<\/a>, minister of state for communication (Independent Charge), said at a press briefing on Wednesday.
The bank which will be fully owned by the government of India will provide savings and current accounts, remittances, money transfers, bill and utility payments and enterprise and merchant payments.
The savings limit for savings account in the IPPB will be Rs. 1 lakh. The IPPB will also provide banking services to the holders of approximately 17 crore postal saving accounts. These services will be provided over multiple channels including counter services, micro ATMs, mobile banking, SMS and IVR.
While the IPPB is not authorised to provide lending and insurance services, it will act as an agent of Punjab National Bank<\/a> to provide loans to its clients and has entered into a partnership with Bajaj Alliance Life Insurance to provide life insurance.
“The trusted postman will now become a banker to millions of unbanked and underbanked Indians,” said Sinha, adding that the IPPB will give work to a postal service that has become overstaffed due to a decline in the demand for postal services.
Approximately 40,000 postmen will provide door step banking to IPPB customers.
The IPPB will have 650 branches and 3250 access points and 11,000 micro ATMs at launch but by December 31, it will launch 1,55,000 access points for services across the country of which 1,30,000 will be in rural areas.
This is will vastly increase access to banking services in rural areas which are currently only served by a total of 49,000 bank branches, said Sinha.
The Union cabinet has also authorised the direct payment of a portion of the IPPB’s profits to rural postal workers as direct commission. “Approximately 25% of the profits will be paid to last mile agents and 5% of profits will be provided to the Department of Post (DOP),” said Sinha, adding that the profits paid to the DOP will largely be reinvested in infrastructure upgradation.
Prime Minister Modi<\/a> will launch the IPPB at Talkatora Stadium<\/a> in New Delhi on Saturday which will be attended by many senior officials of central and state governments.
<\/body>","next_sibling":[{"msid":65592574,"title":"Stock market update: Idea Cellular, Bharti Infratel drag BSE Telecom index down","entity_type":"ARTICLE","link":"\/news\/stock-market-update-idea-cellular-bharti-infratel-drag-bse-telecom-index-down\/65592574","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":65593642,"entity_type":"ARTICLE","title":"India Post Payments Bank to spearhead financial inclusion: Minister Sinha","synopsis":"Government has approved additional funding of Rs 635 crore for the India Post Payments Banks (IPPB) on Wednesday, taking the total outlay in the IPPB to Rs. 1435 crore","titleseo":"telecomnews\/india-post-payments-bank-to-spearhead-financial-inclusion-minister-sinha","status":"ACTIVE","authors":[{"author_name":"Karunjit Singh","author_link":"\/author\/479252522\/karunjit-singh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479252522.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479252522,"author_name":"Karunjit Singh","author_seo_name":"karunjit-singh","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2018-08-29 16:21:54","lastupd":"2018-08-29 16:28:34","breadcrumbTags":["Punjab National Bank","talkatora Stadium","Modi","manoj sinha","IPPB","policy"],"secinfo":{"seolocation":"telecomnews\/india-post-payments-bank-to-spearhead-financial-inclusion-minister-sinha"}}" data-authors="[" karunjit singh"]" data-category-name="" data-category_id="" data-date="2018-08-29" data-index="article_1">
“IPPB将矛头金融包容议程通过移除障碍为那些既无银行和非银行用户人口,”Manoj Sinha部长沟通(独立),在周三的一次新闻发布会上说。
银行将完全由印度政府将提供储蓄和经常账户、汇款、转账,比尔和效用支付和企业和商人支付。
存款储蓄账户的限制IPPB将Rs。1十万卢比。IPPB还将提供银行服务,大约17个卢比的邮政储蓄账户的持有人。这些服务将提供多个通道包括柜台服务、微型自动提款机、手机银行、短信和IVR。
虽然IPPB不是授权提供贷款和保险服务,它将作为一个代理旁遮普国家银行向客户提供贷款,并进入一个与巴贾杰合作联盟人寿保险提供人寿保险。
现在“可信的邮递员将会成为一个银行家数百万无银行和非银行用户印第安人,”Sinha说,并补充说IPPB将给邮政服务工作,已成为臃肿由于下降对邮政服务的需求。
大约40000名邮递员将提供银行IPPB客户门一步。
IPPB将650家分行和3250年访问点和11000微型自动取款机发射但到12月31日,它将推出1,55000全国服务访问点1,30000年将是在农村地区。
这将大大增加访问银行服务在农村地区目前只49000银行分行,Sinha说。
联合内阁也授权的直接支付一部分IPPB农村邮政工人的利润直接佣金。“大约25%的利润将支付最后一英里代理和5%的利润将提供给邮政部门(计划),”Sinha说,并补充说利润的计划将在很大程度上被再投资在基础设施升级。
总理莫迪将启动IPPB吗Talkatora体育场周六将出席在新德里中央政府和邦政府的许多高级官员。
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