CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
From Which month Prime Minister Narendra Modi to launch India Post Payments Bank?
A
September
B
October
C
November
D
December
Explanation: 

Detailed explanation-1: -Prime Minister Narendra Modi on Saturday, September 1, 2018, launched a payments bank of the Department of Posts that will take banking to the doorstep of every citizen through an unmatched network of post offices and almost 3 lakh postmen and ‘Grameen Dak Sewaks’.

Detailed explanation-2: -IPPB was launched by the Prime Minister Shri Narendra Modi on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India.

Detailed explanation-3: -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-4: -The India Post Payments Bank launched on September 1, 2018, by PM Narendra Modi is a payments bank that aims at making banking services available at people’s doorstep.

Detailed explanation-5: -Our motto is-Every customer is important, every transaction is significant and every deposit is valuable, ” said Mr. J Venkatramu, MD & CEO, India Post Payments Bank.

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