10 things to know about India Post Payments Bank being launched by PM Modi

Prime Minister Narendra Modi is set to launch the India Post Payments Bank (IPPB) at New Delhi's Talkatora Stadium on Saturday. The event will take place in the capital along with simultaneous launch events at 650 branches and 3,250 access points across the country.

The India Post Payments Bank seeks to leverage the expansive network of the postal department to ensure financial inclusion for the masses. It will have a network of 155,000 post offices and 30,000 postmen who have already undergone training to perform banking services. 

Here are the 10 most important things to know about IPPB: 

1. Leverage