Page 2 - India Post

Now, govt plans to use India Post to extend weather, health services

The technical details of the proposed arrangement have been finalised

India Post gets payments bank licence to start services

After Bharti Airtel and Paytm, India Post Payments Bank third entity to receive payments bank permit

Amul MD Sodhi appointed on board of India Post Payment Banks

Sodhi is one of the five independent members to be appointed on the board IPPB, which is set to be operational in March 2017

India Post payments bank in all major districts

Government is firming up plans to set up 650 branches of India Post Payments Bank at all major district headquarters by September 2017, Telecom and IT Minister Ravi Shankar Prasad today said in a letter to all postal employees."The India Post Payments Bank shall be set up with an investment of Rs 800 crore. The plan is to roll out 650 branches at all major district headquarters so that it may leverage the extensive outreach of the Department of Posts," Prasad said in the letter.The Cabinet on June 2 cleared the proposal to set up India Post Payments Bank (IPPB) with a corpus of Rs 800 crore and a plan for 650 branches operational by September 2017. It will be scaled up further to cover the entire country by the end of 2018-19."The Prime Minister has urged that these 650 branches shall be made fully functional by September 2017," Prasad said.DoP is gearing up to launch the payments bank with a workforce of 3.5 lakh.Prasad, in his letter, reached out to all postal employees for support."

Postal dept's payments bank to employ 350,000

Earlier, the department of posts had to set up 650 IPPB branches over three years

India Post Payments Bank to be a reality

The total corpus of the payments bank is of Rs 800 crore, which will have Rs 400-crore equity and Rs 400-crore grant

India Post payments bank will be functional by March 2017: Ravi Shankar Prasad

Prasad also said about 50 companies, including some from abroad, are keen to partner with postal department for the payments bank

India Post goes high-tech, geo-tags post offices on Bhuvan

The Postal Department has geo-tagged more than 1,50,000 post offices on geo-portal Bhuvan, developed by ISRO

Bank customers can use post-office ATMs soon

India Post will send a proposal to RBI for its ATMs to work on the platforms of all other banks