All 1.55 lakh post offices to offer payments bank service
India Post Payments Bank (IPPB) will provide its financial services through all of the 1.55 lakh post offices and 3 lakh employees by the end of 2018, CEO AP Singh said. This will create Indiaâs second-largest payments bank in terms of reach. Notably, payments banks can accept deposits of up to â¹1 lakh per account from individuals and small businesses.