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    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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