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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 .........................Shri Kamalesh Chandra Committee recommendations are being implemented from 01-07-2018 after the Cabinet approval on 06th June 2018....

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Saturday, August 27, 2016

51 post offices in TS, AP to be payments bank branches - NEWS

Hyderabad: A total of 51 Post Offices (POs) in Telangana State and Andhra Pradesh have been identified for functioning as payments bank branches, providing a slew of services, including distribution of financial products. These offices - 34 in Andhra Pradesh and 17 in Telangana - will operate as branches of India Post Payments Bank (IPPB). 

IPPB came into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to start operations in 2017. Similarly, 17 POs have been identified for IPPB branches in Telangana. Of these, Hyderabad GPO will be operational as IPPB branch by March 2017 and remaining 16 by September 2017, Rai said.

The benefits of IPPB include doorstep banking through postmen and Grameen Dak Sewaks, distribution of third party financial products like loans, insurance, pension products, mutual funds, international and domestic remittances, payment of utility bills, municipal dues, fees, government payments, taxes, DBT and MNREGA disbursements, among others.

"IPPB will drive the benefits of financial inclusion by bringing a host of financial products to suit the needs of different strata of society with special focus on the marginalised sections rural areas," Rai added.

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