Scroll Text

........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... face book page link for 4th AIC of AIPEU GDS ...https://www.facebook.com/106981442132718/posts/pfbid035srQe6UqacpeJWwUxp2YvpbTWn9oRVGQzH97yez1ieYpKKA9mLQYEciGeXaa3y1el/ ......... .......

scroll text 2

......... .............. CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS ..................... 4th All India Conference of AIPEU GDS - 8th & 9th October 2022 -- Kasaragod - Kerala ......

MESSAGE FROM CHQ

... ... Dear Comrade newly elected Divisional / Branch Secretaries of AIPEU-GDS -- PLEASE SEND YOUR POSTAL ADDRESS WITH PIN CODE, MOBILE NUMBER, E-MAIL ID THROUGH SMS TO .. 6294343737 / 9748659815.. OR BY E-MAIL TO >aipeugdsnfpe@gmail.com< IMMEDIATELY................... CRUSADER TO GRAMIN DAK SEVAKS (2nd Edition -2016) is ready and can place indent to AIPEU GrC (CHQ), NEW DELHI-8....... One copy Rs.225/- (560 pages) ..... Send e-MO for Rs.250/- to receive one copy of the Book by Regd. Book Paket..........

Sunday, November 5, 2017

India Posts bank to have nationwide operations by April

NEW DELHI: India Posts Payments Bank services are expected to be available across the country by April, Communications Minister Manoj Sinha today said. 

"(India Posts) Payments Bank branches will be opened across 650 districts by around April. All these branches will be linked to rural post offices. This will be largest banking network in the country," Sinha said on the sidelines of the launch of Deen Dayal SPARSH scholarship scheme. 

The IPPB branches are operational in Raipur and Ranchi. It will use post offices for its operations. There are 1.55 lakh post offices in the country. 

In the private space, Airtel Payments Bank, launched in January this year, started operations with a network of 2.5 lakh merchants. Chinese internet firm Alibaba controlled Paytm also started payments bank operations this year. 

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses. 

The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses.

Payments banks are set up as differentiated banks and will confine to accepting demand deposits, remittance services, Internet banking and other specified services. 

IPPB offers an interest rate of 4.5 per cent on deposits up to Rs 25,000; 5 per cent on Rs 25,000-50,000 and 5.5 per cent on Rs 50,000-1,00,000.