Payments News


India Post Payments Bank offers zero-balance savings account, 4% interest rate.

“Launched last week by Prime Minister Narendra Modi, India Post Payments Bank (IPPB) offers three types of savings accounts—regular, digital and basic. As the name suggests, a digital savings account can be opened through the IPPB mobile app while the remaining two have to be done either through the post office or the postman. Besides the ease of making payments, the best part of these three savings accounts is that they come without any liability of maintaining a minimum balance.”