Question
Download Solution PDFWhat is the full form of 'IPPB'?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct answer is India Post Payments Bank.
Key Points
- India Post Payments Bank (IPPB) is a public sector bank operated by the Department of Post under the Ministry of Communications, Government of India.
- IPPB was established with the objective of providing efficient banking services to the unbanked and underbanked sections of the society.
- It was launched on September 1, 2018, by the Prime Minister of India, Narendra Modi.
- The bank offers a range of services including savings and current accounts, remittances, money transfers, direct benefit transfers, and bill payments.
- IPPB leverages the vast network of post offices in India, which enables it to reach remote and rural areas effectively.
- The bank is aimed at promoting financial inclusion by providing accessible and affordable banking services.
Last updated on Jun 7, 2025
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