Financial Inclusion of 100% adult population is a national objective. It is critical for the socio- economic development of the country. There are significant gaps in this area and a large proportion of country’s population remain unbanked or underbanked. in order to effectively leverage the ubiquitous post office network with its pan-India physical presence and long experience in cash handling and savings mobilization, the India Post Payments Bank(IPPB) is being set up by the Department of Posts which will bridge the gap in financial inclusion. As mandated by the RBI, the India Post Payments Bank(IPPB) would focus on providing basic financial services such as all kind of Payments; including social security payments, utility bill payments, person to person remittances(both domestic and cross- border), current and savings accounts upto a balance of Rs 1 Lac, distribution of insurance, mutual funds, pension products and acting as business correspondent to other banks for credit products especially in rular areas and among the underserved segments of the society.
30-01-2017: INDIA POST PAYMENTS BANK A commemorative postage stamp
20 in stock
SKU: INDC09000782311052 Category: Stamps
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India Post Bank
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