Question

What is the paid up capital for the recently launched India Post Payment Bank (IPPB)?

A Rs. 100 Cr Correct Answer Incorrect Answer
B Rs. 500 Cr Correct Answer Incorrect Answer
C Rs. 800 Cr Correct Answer Incorrect Answer
D Rs. 1000 Cr Correct Answer Incorrect Answer
E Rs. 250 Cr Correct Answer Incorrect Answer

Solution

The India Post Payments Bank (IPPB) has been incorporated as a Public Limited Company under the Department of Posts with 100% GOI equity. IPPB will offer demand deposits such as savings and current accounts upto a balance of Rs 1 Lac, payments and remittance services.

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