Narendra Modi to launch 650 branches of Post Payments Banks soon, communication minister tells Lok Sabha

Manoj Sinha said in the Loka Sabha the India Post Payments Bank will have 1.55 lakh access points, of which 1.30 lakh will be in rural areas, and will work like a bank

Press Trust of India August 01, 2018 17:20:02 IST
Narendra Modi to launch 650 branches of Post Payments Banks soon, communication minister tells Lok Sabha

New Delhi: Prime Minister Narendra Modi will soon inaugurate India Post Payments Bank (IPPB) operations with 650 branches across the country, Communications Minister Manoj Sinha said Wednesday.

"The India Post Payments Bank will have 1.55 lakh access points, of which 1.30 lakh will be in rural areas, and will work like a bank," he said in the Lok Sabha.

Narendra Modi to launch 650 branches of Post Payments Banks soon communication minister tells Lok Sabha

File image of Manoj Sinha. Image. Reuters

"Prime Minister will launch the India Post Payments Bank. The date of launch would be decided in a day or two," Sinha said during Question Hour.

Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses. Sinha also said the government has decided that every Lok Sabha constituency should have one Passport Seva Kendras.

There are about 251 Passport Seva Kendras across the country and it has been decided that there should be at least one kendra within a 50 km radius, he added.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Centre defers National Polio Immunisation programme until further notice, cites 'unforeseen activities'
India

Centre defers National Polio Immunisation programme until further notice, cites 'unforeseen activities'

The National Immunisation Day (NID), commonly known as Pulse Polio Immunisation programme, was scheduled for 17 January across India

Gujarat cadre IAS officer, who recently took voluntary retirement from service, joins BJP
Politics

Gujarat cadre IAS officer, who recently took voluntary retirement from service, joins BJP

AK Sharma, a 1988 batch officer from Mau district in Uttar Pradesh, is considered close to Prime Minister Narendra Modi and had worked with him in Gujarat

Narendra Modi flags off eight trains from Gujarat's Kevadia for better connectivity to Statue of Unity
India

Narendra Modi flags off eight trains from Gujarat's Kevadia for better connectivity to Statue of Unity

Aimed at boosting tourism in the region, the trains will connect Kevadia to Varanasi, Dadar, Ahmedabad, Hazrat Nizamuddin, Rewa, Chennai, and Pratapnagar