Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi. IPPB will offer.....interest rate on savings accounts.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Prime Minister Narendra Modi launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi. IPPB will offer____interest rate on savings accounts.

A	5.25%
B	4.50%
C	6.25%
D	4.00%

Explanation:

Detailed explanation-1: -IPPB was launched by the Prime Minister Shri Narendra Modi on September 1, 2018.

Detailed explanation-2: -Jana SFB is the only small finance bank selected for the launch of DBU’s in India. The move will significantly improve banking experience for the citizens and further aid in financial inclusion, while enhancing banking experience for citizens, PM Modi said. “ This is a step towards making the common man’s life easier.

Detailed explanation-3: -New Delhi, December 15, 2020: Department of Posts (DoP) and India Post Payments Bank (IPPB) have unveiled a new digital payment app ‘DakPay’. DakPay App is launched as part of its ongoing efforts to provide digital financial inclusion at the last mile across India.

Detailed explanation-4: -The app ‘DakPay’ comes with a slew of features which include digital financial and assisted banking services provided by India Post & IPPB through the trusted Postal (’Dak’) network.

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