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India Post payment bank News

India Post payment bank

31 Jan 2022

India Post Payments Bank slashes savings account interest rate by 25 bps

According to the current statement on the IPPB website, starting February 1, 2022, the rate for balances up to Rs 1 lakh will be 2.25 percent. Customers will receive quarterly interest calculated on their daily EOD balance.

01 Jun 2016

Cabinet approves India Post payments bank proposal

The Union Cabinet on Wednesday approved the Department of Posts (DoP) payments bank proposal involving a project cost of Rs 800 crore.

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