Question: Recently government of India launched the India Post Payments Bank (IPPB) in which of the following two cities?
(a) Jamshedpur, Shahdol
(b) Ranchi, Raipur
(c) Raipur, Kodarama
(d) Ranchi, Bhopal
Ans: (b)
Related facts:
- On 30 January 2017; government of India launched the India Post Payments Bank (IPPB), a basic financial services facility, as a pilot in Raipur and Ranchi.
- The idea is that the branches will be in located in postal district headquarters and all the branches under that particular head post office will be enabled by the payment bank services
- Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.
- India Post Payments Bank is the third entity to receive payments bank permit after Airtel and Paytm.
- The success of the payments bank will depend on Gramin Dak Sevaks, postmen and the unsung postal assistants who will take banking to doorsteps.
Reference:
https://www.indiapost.gov.in/Financial/Pages/Content/IPPB.aspx
http://www.livemint.com/Industry/F4ElspLe4GUCLR7wvxfOXJ/India-Post-Payments-Bank-lauched-offers-up-to-55-interest.html