New Delhi, April 30 (IANS) India Post Payments Bank (IPPB), an entity under the Department of Posts, on Thursday launched a zero-balance Self Help Group (SHG) savings account with a maximum balance limit of Rs 2 lakh, aimed at strengthening financial inclusion and empowering women-led SHGs in rural India.The government said that the initiative has been designed to provide a simple, accessible and cost-effective banking solution for Self Help Groups, which play a key role in driving rural economi…
Latest India Post Payments Bank News & Updates
New Delhi, April 30 (IANS) India Post Payments Bank (IPPB), under the Department of Posts, on Thursday announced the launch of its Self Help Group (SHG) Savings Account, aimed at advancing financial inclusion and empowering women-led SHGs across rural India.The IPPB SHG Savings Account is designed to be zero balance, zero charges account to ensure affordability; digitally enabled for simplified on-boarding; and delivered through the vast network of Post Offices and Postmen/Gramin Dak Sevaks.Key …
New Delhi, March 30 (IANS) Nearly 99.92 per cent of inhabited villages in India now have a banking outlet within a five‑kilometre radius, the Parliament was informed on Monday.Further, 100 per cent villages in the Union Territory of Dadra and Nagar Haveli are covered with banking outlets within a radius of 5 kms, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply.The Jan Dhan Darshak App, a Geographic Information System (GIS) monitoring tool, shows banks, busi…
Shivpuri (MP), Jan 9 (IANS) Union Minister for Communications and Development of North Eastern Region, Jyotiraditya Scindia, reiterated on Friday the importance of two memoranda of understanding (MoUs) that had been signed earlier on January 7 with Union Minister of Agriculture and Rural Development, Shivraj Singh Chouhan. Addressing a public gathering in Badarwas (Shivpuri), he reaffirmed the government’s commitment to ensuring real-time monitoring of fertilisers so that farmers receive transpa…
New Delhi, Jan 8 (IANS) Choice Wealth Private Limited on Thursday announced that it has secured a major mandate from India Post Payments Bank to roll out a digital investment platform for the bank’s customers — marking a significant step towards expanding investment access across the country.The contract was awarded to Choice Wealth, a subsidiary of Choice Equity Broking Private Limited and a step-down subsidiary of Choice International Limited, after a detailed technical and commercial evalu…