The Union Minister for IT & Communications Ravi Shankar Prasad has announced the India Posts payments bank will start functioning from which year

2016

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

The Union Minister for IT & Communications Ravi Shankar Prasad has announced the India Post’s payments bank will start functioning from which year

A	2016
B	2017
C	2018
D	2019

Explanation:

Detailed explanation-1: -India currently has 6 Payment Banks namely, Airtel Payment Bank, India Post Payment Bank, Fino, Paytm Payment Bank, NSDL Payment Bank and Jio Payment Bank.

Detailed explanation-2: -IPPB was launched as a pilot project on 30 January 2017 in Ranchi (Jharkhand) and Raipur (Chhattisgarh), with the objective of being present across India by the FY 2018-2019.

Detailed explanation-3: -India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India.

Detailed explanation-4: -India Post Payments Bank (IPPB) was launched under the Department of Posts, Ministry of Communications, Government of India.

There is 1 question to complete.