India Post Payments Bank or IPPB, a Government of India owned payment bank was launched on 1st September 2018 offering doorstep banking especially in rural areas of India. The features include 4% Internet on savings banks accounts, easy money deposit, withdrawals, doorstep banking facilities, micro-ATM facilities and much more.
India Post Payments Bank branches (IPPB) has some unique features to offer. Learn more about them and information on various branches of this payment bank.
On 1st September,2018 the much awaited IPBB services were made available in the first phase which includes 650 branches(one in every district) and 3250 post offices as access points. IPPB further working upon at a fast pace for growing its presence throughout India.
Some key features of India Post Payments Bank are:
With the intent of providing a one step financial solution to your banking needs, the India Post Payment Bank branches have been functioning across:
Ready to give a new and fresher look to the rural banking, India Post Payments Bank (IPPB) is set to benefit the remote customers. What do you think of India India Post Payments Bank (IPPB)? Will it actually prove good for the people and give them requisite access to useful services? Feel free to give any feedback on the same.
Public Provident Fund Scheme is a saving scheme that comes with tax benefits. Ministry of Finance introduced this scheme in the year 1968. The main objective of PPF is to encourage general people to mobilize their small savings. The interest offered on these schemes are not taxable. Precisely, PPF is an investment with non-taxable returns.
The list of payment banks in India with headquarters includes India Post Payments Bank, Aditya Birla Idea payments banks, Airtel payments banks, Paytm payments bank and others.
cKYC is known as Central KYC, is a centralized registry for maintaining the KYC records of an individual digitally. The cKYC registry was launched July 2016, with an aim to reduce the level of documentation and KYC verification process involved in a financial transaction with different financial institutions including Banks, Insurance, NBFCs and Mutual Funds.
Zerodha is India’s largest and most trusted stockbroker with more than 3.4 million active clients. You can open an account with Zerodha easily by following some simple steps. Make sure you have all the necessary documents before you start with the account opening process.
The Axis Direct Demat Account Closure Process is quite simple. You need to fill up the account closure available online and submit it at the nearest branch or post it to the address mentioned in the form.
Kotak bank account cannot be closed in online mode . The account can only be closed in offline mode by submitting the Kotak bank account closure form to the nearest Kotak Bank branch .
Yes, three Canadian banks have their presence in India. Bank of Nova Scotia has its branch in India, whereas, BMO and TD have their representative office in India.
PNB accounts cannot be closed online. To close the account, go to the bank branch where you opened your bank account. Submit a duly filled and signed account closure form to the bank manager.
To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.
There are mainly 5 types of bank accounts in India. These include Savings account, Current account ,Fixed deposit account, Recurring deposit account and NRI accounts.
These payment banks seem to be a good initiative only if they actually provide what they promise to give to the rural community. Banking has still not reached far flung areas and if such banks branches can actually make it possible and easy, it would be great. There are other popular payment banks also like Airtel Payments bank, Paytm Payments bank, Fino Payments bank. But, how does one differentiate as to which one to choose? I think all these are similar in functioning and benefits. Any idea on this.