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news details
PM to launch India Post Payments Bank on Sept 1; J&K to get 8 branches
8/30/2018 9:40:36 PM
Early Times Report

JAMMU, Aug 30: Prime Minister Narendra Modi will launch India Post Payments Bank on September 1 from Talkatora Stadium, New Delhi.
A total of 650 branches and 3250 access points will be launched simultaneously throughout the country and by the end of December 2018 all the 1.5 lakh Post Offices will start serving as the India Post Payments Bank Access points. In J&K State, there will be 8 Branches of India Post Payments Bank located at Jammu, Kathua, Udhampur, Rajouri, Srinagar, Anantanag, Baramulla and Leh and all these Branches will be started September 1. Apart from 8 IPPB Branches, 40 Access Points will also start functioning from September 1.
The state launch of IPPB at Jammu will be done by Minister of State in PMO Jitendra Singh who will be the chief guest for the occasion and MP Jammu Lok Sabha Parliamentary Constituency Jugal Kishore Sharma will be the guest of honour.
This was informed by today Debtoru Chatterjee, Postmaster General, Jammu region while addressing a press conference here today.
IPPB will leverage the network of 1.55 lakh post office branches to provide banking and financial service to people all over the country. This will create the country's largest banking network with direct presence at village level.
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