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........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... # Stay at home, be safe and extend support in fight against COVID-19 ......... .......

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......... .............. CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS .............. NEXT HEARING OF THE COURT CASE IN PR. CAT, DELHI IS ON 31st July 2019............Shri Kamalesh Chandra Committee recommendations are being implemented from 01-07-2018 after the Cabinet approval on 06th June 2018....

MESSAGE FROM CHQ

Dear Comrade newly elected Divisional / Branch Secretaries of AIPEU-GDS -- PLEASE SEND YOUR POSTAL ADDRESS WITH PIN CODE, MOBILE NUMBER, E-MAIL ID THROUGH SMS TO ..09849466595.. OR BY E-MAIL TO >aipeugdsnfpe@gmail.com< IMMEDIATELY................... CRUSADER TO GRAMIN DAK SEVAKS (2nd Edition -2016) is ready and can place indent to AIPEU GrC (CHQ), NEW DELHI-8....... One copy Rs.225/- (560 pages) ..... Send e-MO for Rs.250/- to receive one copy of the Book by Regd. Book Paket..........

Friday, May 20, 2016

INDIA POST PAYMENT BANK --

FAQ on IPPB :

Concept of Payment Bank : A Payment Bank is a "differentiated Bank" set-up under the guidelines of Reserve Bank of India (RBI) to further financial inclusion for the undeserved population ................

Why is a Payments Bank required : A vast majority of the Rural population (approximately 61% as per RBI) is still not covered by formal Banking and  are unbanked ............

Why DoP is setting-up a Payments BankDoP has been successfully running the Post Office Savings Bank for the Ministry of Finance. Setting up its indenpendently owned Bank is the next logical progression ............

When will the India Post Payments Bank start operations? : ................................ A pilot launch is planned in the last quarter of FY 2016-17

Can the savings accounts be shifted from POSB to IPPB ? :The POSB accounts are operated by the Department on behalf of the Ministry of Finance. ............

How will the customer choose between the savings account of POSB and IPPB ? :   Given the difference in purpose of the two accounts, the POSB customers can be encouraged to open a IPPB account for managing their fund flow including bill payments, remittances to other family members, businesses etc. depending on their needs.................................