CURRENT AFFAIRS

2018

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

What percent did the Cabinet approve for the project outlay to set up the India Post Payments Bank?

A	75.6 %
B	77 %
C	78.2 %
D	79.3 %

Explanation:

Detailed explanation-1: -The union cabinet has approved ₹820 crore financial support for India Post Payments Bank, news agency PTI reported on Wednesday quoting an unnamed source.

Detailed explanation-2: -Personal - India Post Payments Bank IPPB has introduced annual maintenance and re-issuance charges on Virtual Debit Card effective from 15th July 2022. IPPB has revised the Savings Bank interest rate to 2.00% p.a. (upto Rs. 1 lakh balance) & 2.25% p.a.

Detailed explanation-3: -Using the DakPay UPI App, you can make instant money transfers with UPI and make instant payments at your favorite offline and online stores. Link your bank account on DakPay UPI App and transfer money with BHIM UPI instantly!

Detailed explanation-4: -India Post Payments Bank (IPPB) was setup under the Department of Post, Ministry of Communication with 100% equity owned by Government of India. 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.

There is 1 question to complete.