Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi. IPPB is the largest payments bank in the country by network size. The launch of India Post Payments Bank marks another significant milestone in the government’s endeavour to take the benefits of a rapidly developing India to the remotest corners of the country. Now, IPPB has 650 Branches and 3250 Access Points spread across the country. All the 1.55 lakh post offices in the country have been linked to the IPPB system by December 31, 2018. Now you all must be pondering that 'what will be the impact after the launch of IPPB in Indian Banking System'? Well, in order to understand it, first of all, we need to know about what is a Payments Bank?
