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All 650 branches of IPPB to be launched by April: Manoj Sinha

Neighbourhood News Desk/Avi Arya: Government expects to roll out all 650 branches of India Post Payments Bank (IPPB) by April, 2018, Parliament was informed today. Written reply to Lok Sabha, Minister of State for Communication Manoj Sinha said IPPB has launched 2 pilot branches on January 30, 2017 at Raipur (Chhattisgarh) and Ranchi (Jharkhand) in 2016-17.

Minister said IPPB aims to have a pan-India reach and subject to feasibility, all post offices (approximately 1.55 lakh) across the country will progressively become its access points to provide banking products and services as per RBI guidelines on payments bank.

 

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