NEW DELHI (CU)_India Post Payments Bank (IPPB) is a division of Indian Post, owned by the Department of Post headquartered in New Delhi. The bank currently offers three savings accounts, namely regular digital and basic. These account holders enjoy an interest rate of 2.5 per cent on a balance of up to ₹100,000, while an account balance between ₹100,000 and ₹200,000 receive a rate of 2.75 per cent. One of the key benefits of maintaining and account with IPPB is that financial inclusion remain a key focus of the organisation, with its branch network spread across the country, including unbanked and underserved areas in India.
However, the bank recently decided to…
