India Post Payments Bank (IPPB) would be opened in all the 383 post offices across Mizoram this year, Post Master General T Man Ming Thang said today.
The IPPB will leverage reach of 1.55 lakh post office branches in the country to provide banking and financial service to people in rural areas.
Thang said the IPPB would be launched by Prime Minister Narendra Modi on Saturday and 30 IPPBs would be opened across Mizoram by state governor Kummanam Rajasekharan on the same day.
He said transactions would be purely paperless and without signature of the account holders.
The IPPB services would be available in the remote villages where banks generally do not open branches, Thang told reporters.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app