india post payments bank

Armed with smartphones and biometric scanners, the postman may soon don the role of part-time bankers for India's poorest!

The project is set to roll out in the next few weeks, and the postman will be able to accept payments over the next three years.

This initiative will bring banking to millions more.

On January 30, 2017, India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in Raipur and Ranchi. Here's all you need to know about RBI's reform step and its potential to revolutionize Indian banking.