Summary:
more-inThe India Post Payment Bank is expected to roll out its operations by this month-end. The head post offices, sub-post offices and branch offices will be linked to the payment banks. Post offices selected across the State would soon double up as payment bank in an effort to provide banking services to people, particularly in rural areas. Both the postal and payment bank accounts would be linked to enable smooth transactions. While it would provide banking services like saving accounts, payment and remittance services, it would not offer loans or credit cards..