Indian Post Payment Bank services commence
Posted on: 01/Feb/2017 12:20:11 PM
Indian Postal Department has begun its Indian Post Payment Bank services. Chief Executive Officer A P Singh said: India Post Payments Bank has started its services in Raipur and Ranchi. The bank will offer an interest rate of 4.5 per cent on deposits up to Rs 25,000; 5 per cent on deposits upto 50,000 and 5.5 per cent upto 1,00,000. It has been decided to open 650 postal payment banks.
