India Post Payment Bank to become operational in 650 districts by April 2018

The government today said India Post Payments Bank will become operational in all 650 districts of the country by April next year.They will facilitate financial inclusion. In reply to a question, Minister of Communications Manoj Sinha



said in New Delhi that these banks will be linked to 1.55 lakh rural post offices and carry out banking services. 

The Minister said, two such banks are already operational in Ranchi and Raipur.