In­dia Post Pay­ments Bank to in­tro­duce bank­ing at doorsteps

Banking Frontiers - - Pb-sfb -

In­dia Post Pay­ments Bank is all set to launch bank­ing ser­vices at the cus­tomers’ doorstep soon. Cus­tomers will be able to with­draw cash as well as de­posit cash sit­ting in the con­fines of their homes us­ing the bank’s ser­vices. The bank is propos­ing to in­tro­duce the ser­vice in Te­lan­gana first. Be­sides bank­ing at the doorstep ser­vice, the bank is also propos­ing to in­tro­duce a slew of ser­vices as it be­come op­er­a­tional. It will be open­ing 23 branches in the state with Hy­der­abad GPO and Sid­dipet Head Of­fice tak­ing the lead in com­menc­ing oper­a­tions. The bank will have 5891 branches across Te­lan­gana. The bank’s ac­count hold­ers can also avail of ser­vices like in­ter­net and mo­bile bank­ing be­sides cash de­posits and with­drawals at the doorstep. The ser­vices in­clude re­mit­tances, bill pay­ments, di­rect ben­e­fit trans­fer, in­sur­ance, mu­tual fund and dis­bur­sal of loans of other banks through third party tie-ups. The bank will also of­fer QR cards, which carry a bar code for tak­ing up any trans­ac­tions at all chan­nels of IPPB. It will of­fer vir­tual debit cards on the mo­bile bank­ing app of IPPB.

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