Question : On which date IPPB(India Post Payments Bank) and LICHFL(LIC Housing Finance Ltd) announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB ?
a. 7 September 2021
b. 15 September 2021
c. 19 September 2021
d. None of the above
Ans. a.
Related facts —
- On 7 September 2021, IPPB (India Post Payments Bank) and LICHFL (LIC Housing Finance Limited) announced a strategic partnership to provide home loan products to over 4.5 crore customers of IPPB.
- It is notable that LIC Housing Finance Ltd, offers home loan starting from 6.66% for loans up to Rs 50 lakh for salaried individuals.
- Through its robust and extensive network of 650 branches and more than 136,000 banking access points, IPPB will make LICHFL’s home loan products accessible to its customer’s pan-India.
- IPPB’s on-ground workforce of nearly 200,000 postal employees (Postmen and Gramin Dak Sevaks) equipped with micro ATMs and biometric devices through its innovative Doorstep Banking Service will play a significant role in offering LICHFL’s housing loans.