In­dia Post Pay­ments Bank to have out­reach pro­gram

Banking Frontiers - - Pb-sfb -

In­dia Post Pay­ments Bank is un­der­tak­ing a mas­sive out­reach pro­gram to make bank­ing ser­vices more ac­ces­si­ble and trans­par­ent. In­dia Post said the de­part­ment will trans­form each and ev­ery 1.55 lakh post of­fices into a pay­ments bank out­let and ev­ery post­man and grameen dak se­vak - some 3 lakh - rep­re­sen­ta­tives of the bank. This will make In­dia Post Pay­ments Bank In­dia’s sec­ond largest Pay­ments Bank in terms of reach. With 15 lakh out­lets and 2.5 lakh mer­chants, Air­tel is In­dia’s largest pay­ments bank net­work. In­dia Post Pay­ments Bank will also be of­fer­ing ATM ser­vices, which will when fully op­er­a­tional­ized, will be the world’s largest ATM net­work.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.