India Post Payments Bank ties up with PNB, Bajaj Allianz for Rural Services

India Posts Payments Bank (IPPB), which will start operations in 650 branches from August 21, has tied up with public sector lender Punjab National Bank (PNB) and private insurer Bajal Allianz for providing third-party services with focus on unbanked areas, especially rural India. The government’s payment bank venture, which will be inaugurated by Prime Minister […]

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IPPB to Increase the Business of POSB Indirectly

The India Post Payments Bank is working on striking synergies with the Post Office Savings Bank of the Department of Posts to ensure that its customers don’t look elsewhere for parking deposits exceeding ₹1 lakh. In view of the regulatory restriction that a payments bank can hold a maximum balance of1lakh per individual customer, the […]

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