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Fund at Doorsteps
April 11 , 2020
1692 days
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- For customers who cannot afford to go out due to the curfew, Indian Postal Payments Bank (IPPB) has introduced Fund at Doorsteps with the help of Aadhar.
- Under this one can withdraw up to 10000 rupees.
- Under this one can withdraw money from any of the bank account which has been linked with Aadhar through Aadhar Enabled Payment System.
- The customer has to place his or her finger on the biometric device with the postman to authenticate the identity
- IPPB is a 100% government owned Public Sector Bank, operating with the Department of Posts under Ministry of Communications.
- On 19 August 2015 India Post got licence to run a payments bank from Reserve Bank of India.
- The pilot project of IPPB was inaugurated on 30 January 2017 at Raipur and Ranchi.
- It rolled out the Aadhaar enabled payment system services in September 2019.
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