What does IPPB mean in BANKING
India Post Payments Bank (IPPB) is a public sector payments bank managed by the Department of Posts, Ministry of Communication, Government of India. It was established on 1 September 2018 with an objective to provide banking and financial services to people across India, especially those living in rural and remote areas. IPPB leverages the extensive network of post offices spread across the country to offer convenience banking facilities such as deposits, remittances, bill payments and other banking products to its customers.
IPPB meaning in Banking in Business
IPPB mostly used in an acronym Banking in Category Business that means India Post Payments Bank
Shorthand: IPPB,
Full Form: India Post Payments Bank
For more information of "India Post Payments Bank", see the section below.
What Is IPPB?
IPPB is a digital-first bank that is accessible via a mobile app or at post office branches. Customers can open savings accounts with IPPB where they can deposit money and digitally transfer funds from one bank account to another. Through its Aadhaar Enabled Payments System (AEPS), IPPB also allows customers to access their Aadhaar-linked bank balance, transfer funds and make payments directly from their Aadhaar-linked accounts.
IPPB also offers debit cards which are linked with the customer's account and can be used for cash withdrawals at ATMs across the country and for making purchases at Point of Sale terminals in stores and shops. Additionally, the bank offers many government sponsored schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY) which enables individuals without a valid form of identification to open an account with Just Aadhar number.
Essential Questions and Answers on India Post Payments Bank in "BUSINESS»BANKING"
In conclusion, India Post Payments Bank (IPPB) is a public sector payments bank that provides convenient financial services such as deposits, remittances, bill payments etc., through its extensive post office network across the nation. The bank's digital platform offers several banking benefits such as cash withdrawals, fund transfers between accounts and purchase of goods at POS terminals with linked debit cards apart from government sponsored plans like PMJDY; all this just from an Aadhar number!
IPPB also stands for: |
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| All stands for IPPB |