{"id":22181,"date":"2017-02-21T11:37:28","date_gmt":"2017-02-21T11:37:28","guid":{"rendered":"https:\/\/www.edristi.in\/?p=22181"},"modified":"2017-02-21T11:37:28","modified_gmt":"2017-02-21T11:37:28","slug":"govt-allocates-capital-india-post-payments-bank","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/govt-allocates-capital-india-post-payments-bank\/","title":{"rendered":"Govt allocates capital to India Post Payments Bank"},"content":{"rendered":"<p><strong>Question: The amount allocated by government to India Post Payments Bank for the financial year 2017-18 is-<\/strong><br \/>\n(a) 400 Crore<br \/>\n(b) 500 Crore<br \/>\n(c) 600 Crore<br \/>\n(d) 800 Crore<br \/>\n<strong>Ans: (b)<\/strong><br \/>\n<strong>Related facts:<\/strong><br \/>\n\u2022 On 13 February 2017; government has allocated Rs500 crore to India Post Payments Bank for the financial year 2017-18 .<br \/>\n\u2022 The government has allocated Rs125 crore as \u201ccapital infusion into corporate entity for India Post Payments Bank\u201d and Rs375 crore as \u201cgrant in aid to India Post Payments Bank (IPPB)\u201d, as per Output-Outcome Framework for Schemes 2017-18 for the department of posts (DoP) .<br \/>\n\u2022 The IPPB will offer an interest rate of 4.5% on deposits up to Rs25,000; 5% on deposits of Rs25,000-50,000 and 5.5% on Rs50,000-1,00,000.<br \/>\n\u2022 The total paid up equity of the new bank IPPB is Rs 800 crore, of which the government has already infused Rs275 crore.<br \/>\n\u2022 Government plans to set up 650 branches across country by September 2017.<br \/>\n<strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/www.indiapost.gov.in\/Financial\/Pages\/Content\/IPPB.aspx\" target=\"_blank\">https:\/\/www.indiapost.gov.in\/Financial\/Pages\/Content\/IPPB.aspx<\/a><br \/>\n<a href=\"http:\/\/www.thehindubusinessline.com\/money-and-banking\/500-cr-to-india-post-payments-bank\/article9539731.ece\" target=\"_blank\">http:\/\/www.thehindubusinessline.com\/money-and-banking\/500-cr-to-india-post-payments-bank\/article9539731.ece<\/a><br \/>\n<a href=\"http:\/\/www.livemint.com\/Industry\/TNemWYXNZVrgUIcVdlRckO\/Govt-allocates-Rs500-crore-to-India-Post-Payments-Bank.html\" target=\"_blank\">http:\/\/www.livemint.com\/Industry\/TNemWYXNZVrgUIcVdlRckO\/Govt-allocates-Rs500-crore-to-India-Post-Payments-Bank.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: The amount allocated by government to India Post Payments Bank for the financial year 2017-18 is- (a) 400 Crore (b) 500 Crore (c) 600 Crore (d) 800 Crore Ans: (b) Related facts: \u2022 On 13 February 2017; government has allocated Rs500 crore to India Post Payments Bank for the financial year 2017-18 . \u2022 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-22181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/22181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=22181"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/22181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/22086"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=22181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=22181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=22181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}