| Author | Message | ||
Uno Side Hero Username: Uno Post Number: 3032 Registered: 03-2016 Posted From: 99.231.161.157 Rating: N/A |
Thanks for the info | ||
Hydabbai Comedian Username: Hydabbai Post Number: 1475 Registered: 08-2017 Posted From: 196.15.23.12 Rating: N/A |
https://en.wikipedia.org/wiki/Payments_bank Payments banks is a new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to â¹1 lakh per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue services like ATM cards, debit cards, net-banking and mobile-banking. I use Airtel and Paytm and they do allow money to be present in their bank. | ||
Uno Side Hero Username: Uno Post Number: 3027 Registered: 03-2016 Posted From: 99.231.161.157 Rating: N/A |
payments banks will not accepts deposits or open savings/Current accounts They just facilitate payments | ||
Mahi_chiru Junior Artist Username: Mahi_chiru Post Number: 547 Registered: 05-2008 Posted From: 171.161.56.16 Rating: N/A |
sollu  | ||
One Hero Username: One Post Number: 18796 Registered: 09-2008 Posted From: 73.43.31.78 Rating: |
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Teluguhero Side Hero Username: Teluguhero Post Number: 2832 Registered: 04-2008 Posted From: 76.106.197.158 Rating: N/A |
The schemes like MNREGA will have benefits reaching the farmers and rural people directly without involving any middleman. This will not only eliminate large scale corruption in government and bureaucracy but will also help rural people involve themselves in digital banking giving them access to technology. Direct money transfer will help providing financial services to the most remote villages which have almost scant or nil access. The government thus aims to use this scheme to distribute MNREGA and pension schemes. | ||
Mahi_chiru Junior Artist Username: Mahi_chiru Post Number: 546 Registered: 05-2008 Posted From: 171.161.56.16 Rating: N/A |
yeah edo scheme tho vachadu | ||
Gandhiguevara Legend Username: Gandhiguevara Post Number: 69232 Registered: 10-2009 Posted From: 175.101.105.29 Rating: |
Farmers and peasants nundi direct gaa dennadam kudaratledha | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2831 Registered: 04-2008 Posted From: 76.106.197.158 Rating: |
https://www.livemint.com/Industry/XJQZlrfe8BHm5qjdOOSbqJ/Nar endra-Modi-to-launch-India-Post-Payments-Bank-on-21-Augus.ht ml Narendra Modi to launch India Post Payments Bank on 21 August India Post Payments Bank (IPPB) will have at least one branch in every district and focus on financial services in rural areas Last Published: Mon, Aug 06 2018. 04 09 AM IST New Delhi: Prime Minister Narendra Modi will on 21 August launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said. âThe Prime Minister has given time on 21 August 21 to launch IPPB. Two branches of the bank are already operational. Rest of the 648 branches will be launched across country in every district,â a senior official of the communications ministry told the Press Trust of India. IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural area. âGovernment is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,â the official said. This will create the countryâs largest banking network with direct presence at village level. Last week, IPPB CEO Suresh Shetty said that India Post Payments bank will go live with 650 branches in addition to 3,250 access points co-located at post offices and around 11,000 postmen both in rural and urban area will provide doorstep banking services. IPPB has permission to link around 17 crore postal savings bank (PSB) account with its account. With IPPB in place, people in rural area will be able to avail digital banking and financial services, including money transfer, to any bank account either with help of mobile app or by visiting a post office. IPPB was the third entity to receive payments bank permit after Bharti Airtel and Paytm. Payments banks can accept deposits up to â¹ 1 lakh per account from individuals and small businesses. IPPB has permit to carry RTGS, NEFT, IMPS transaction that will enable IPPB customers to transfer and receive money from any bank account. The payment bank will be used by government to distribute MGNREGA wages, subsidies, pension, etc. The IPPB app which is expected to be launched on same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees, etc., that are present on Bharat Bill payments system of National Payments Corporation of India. |
