The IPPB SHG Savings Account is designed to be a zero balance, zero charges account to ensure affordability, digitally enabled for simplified on-boarding, and delivered through the vast network of Post Offices and Postmen/Gramin Dak Sevaks.
The tie-up will enable customers, particularly from weaker sections and living in unbanked and underserved areas, to become financially secure and empowered, and is in line with IPPB’s objective of offering value-added products and services to its customers.
The Union cabinet had earlier this week approved revision of the project outlay from Rs 800 crore to Rs 1,435 crore
Speaking at the event, the PM took a jibe at the Congress accusing the party of forcing banks to give loans to known defaulters.
IPPB will, hence, significantly augment the reach of the banking sector in India, the statement said.
Communications Minister Manoj Sinha on Monday said 26 banking and non-banking companies have shown interest to collaborate with India Post…
