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news details
Guv launches India Postal Payments Bank in J&K
9/1/2018 10:12:56 PM
SRINAGAR, Sept 1: As a part of nation-wide launch of county's new banking behemoth, India Post Payments Bank (IPPB), Governor Satya Pal Malik launched the IPPB facility for Jammu and Kashmir at an impressive function organized by the J&K Postal Circle at SKICC here this evening. Speaking on the occasion, the Governor said that with the launching of Postal banking network, another crown has been added to the rich history of Indian Postal services. He said despite introduction of internet and other technologies, the relevance of post offices is still intact and it continues to be a major source of communication in the rural and far-flung areas.
He expressed happiness on the nation-wide launch of banking services by the Postal Department and hoped that initiative will give further boost to the economic activities in the rural areas where banking services are still not available.
The Governor informed that in Jammu and Kashmir, there will be 8 branches of India Post Payment Bank located at Jammu, Kathua, Udhampur, Rajouri, Srinagar, Anantnag, Baramulla and Leh and all these branches will start functioning immediately.
Dr Farooq Abdullah while welcoming the launch of this ambitious programme said that the initiative will give fillip to the rural economic activities and help in implementing welfare schemes at the grass root level. He said post offices are the basic institutions connected with the common man and adding financial services is a step-in right direction which will directly help the rural population and meet their requirements.
The Post Master General, J&K briefed about the features of IPPB and said that IPPB will cover the services like paperless banking with most secure Aadhaar enabled transactions and doorstep banking which is trust of India Post.
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