Finance Minister Arun Jaitley on Monday launched the India Post Payments Bank branches in Raipur and Ranchi, saying the network of post offices can take banking operations to every doorstep.
“The postman connects every household. They can reach every house for banking activity. Banking can reach your doorstep. The network of post offices can make it a reality,” Jaitley said after he with Communications Minister Manoj Sinha remotely launched India Post Payments Bank branches.
As many as 1.55 lakh post offices in the country and the postmen will function as banks giving a major push to banking, he said. Mr. Arun Jaitley said that about 650 India Post Payments Bank (IPPB) branches will be opened by September this year.