ippb in A Sentence

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    PM Modi has inaugurated India Post Payments Bank(Ippb).

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    PM Modi was speaking at the launch of India Post Payments Bank(Ippb).

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    3

    Also 1,000 ATMs of India Post will be transferred to Ippb,

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    4

    Besides Ippb, Airtel and Paytm have started payments bank operations this year.

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    5

    Ippb launched its pilot services in Raipur and Ranchi in January 2017.

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    Ippb will set up 650 branches across the country by September 2017.

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    7

    Along with this, Ippb also offers a Merchant App for meeting business requirements.

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    8

    Ippb has begun operations with 650 branches and 3,250 access points across the country.

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    9

    Also 1,000 ATMs of India Post will be transferred to Ippb, according to Mr. Singh.

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    10

    The department also looks to open one crore accounts for Ippb in 100 days.

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    11

    Besides, the department looks to open one crore accounts for Ippb in 100 days.

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    12

    The Department of Posts is also targeting 1 crore accounts for Ippb in 100 days.

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    13

    Ippb's Current Account gets you started on the road to digital transactions for your business needs.

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    14

    Ippb also has permission to link around 17-crore postal savings bank(PSB) accounts with its own setup.

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    15

    However, with the launch, the Ippb will become one of the largest banking networks in India.

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    16

    Ippb accounts do not come with an ATM card and so one cannot withdraw cash from ATMs.

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    17

    According to Prime Minister Narendra Modi's plan, India Post Payments Bank(Ippb) will soon launch its 650 branches.

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    18

    Ippb will issue new QR(Quick-Response) cards which work on biometric authentication and not on passwords or PINs.

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    19

    Telecom Minister Manoj Sinha said that Ippb plans to have 650 branches across the country by September 2017.

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    20

    Ippb is governed by Reserve Bank of India and banking service of post offices comes under the finance ministry.

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    21

    Ippb's services are now available across more than 136,000 Post Offices and delivered by over 195,000 Postmen and GDSs.

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    22

    Ippb would have 3,250 access points co-located at post offices and around 11,000 postmen both in rural and urban area.

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    23

    Ippb will not only drive financial inclusion and assist India's growth but will also increase employment opportunities and empower the poor.

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    24

    In which among the following city/cities India Post Payments Bank(Ippb) has kicked off its operations by rolling out pilot services recently?

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    25

    As per plan, all 1.55 lakh post offices in the country will be linked to the Ippb system by December 31.

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    26

    The government plans to link all the 1.55 lakh post office branches with Ippb services by the end of this year.

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    27

    Ippb's services are now available across more than 136,000 Post Offices and delivered by over 195,000 postmen and Grameen Dak Sevaks(GDS).

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    28

    All the 1.55 lakh Post Offices in the country will be linked to the Ippb system by the 31st of December this year.

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    29

    Referring to 440 Central schemes on-boarded to the DBT platform, Shri Prasad said that all these schemes must ride on Ippb platform too.

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    30

    This would ensure that micro-merchants are able to accept payments over any channel- online, unified payments interface(UPI), quick-response(QR) codes, Aadhaar and Ippb accounts.

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