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Letter to BS: India Post Payments Bank has many hurdles to overcome

With 170 million customers (already) of the post office savings system, the Payments Bank brings tremendous sense of security

India Post Payments Bank
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Clients of IPPB have to pay even for depositing cash in their accounts

Business Standard
Apropos “Post office hopes” (September 7); I want to compliment the government and India Post for launching the much anticipated Payments Bank. People in small towns and villages in particular stand to gain from this. No bank — public or private — has this kind of a network and a ready workforce of more than 3,00,000 trained postmen. A postman in the rural areas is not just someone who brings letters for the people; he is also a trusted friend.

Of course, there are many hurdles to overcome but then which new scheme does not face trouble in the beginning? As