https://www.taxtmi.com/news?id=17333 India Post Payments Bank is a wholly government-owned entity under the Department of Posts created to expand financial inclusion by providing basic financial services as a payments bank. Its operations, per RBI mandate, include payments, social security and utility disbursements, person-to-person remittances, deposit accounts within prescribed limits, distribution of insurance, mutual funds and pension products, and acting as business correspondent for credit delivery. District-headquarter branches will map post offices as access points and use postal personnel and agents to provide doorstep banking supported by internet, mobile banking and digital wallets. en-us Mon, 30 Jan 2017 18:39:40 +0530 Mon, 30 Jan 2017 18:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17333 India Post Payments Bank is a wholly government-owned entity under the Department of Posts created to expand financial inclusion by providing basic financial services as a payments bank. Its operations, per RBI mandate, include payments, social security and utility disbursements, person-to-person remittances, deposit accounts within prescribed limits, distribution of insurance, mutual funds and pension products, and acting as business correspondent for credit delivery. District-headquarter branches will map post offices as access points and use postal personnel and agents to provide doorstep banking supported by internet, mobile banking and digital wallets. News - Mon, 30 Jan 2017 18:39:40 +0530 https://www.taxtmi.com/news?id=17333