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…
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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 …