BANDIPORA, SEPTEMBER 14: A review meeting
was held by Additional District Development Commissioner Mohammad Qasim,
regarding the functioning of newly established Indian Post Payment (IPP) Banks
in Bandipora.
The meeting was
informed that during the first phase, four access points of IPP banks were
established at Bandipora town, Nadihal, Onagam and Bankoot.
During the
meeting threadbare discussions were held for the successful functioning of the
Indian Post Payment Banks in the district.
Superintendent of
Post Offices said that IPP Banks offer 4% interest on saving accounts, with a
maximum deposit scheme of rupees one lakh. He said that IPP Banking is a trusted
banking for the common man, operating on QR cards.
ADDC directed the
officers of the Indian Posts Office to depute expert officials to various
departments for spreading the financial inclusion agenda by removing the
barriers for the unbanked and under-banked population.
The meeting was attended by the Superintendent of the Post Offices for
Bandipora Vijay Kumar, Officers of agriculture, horticulture, labour and
employment and other departments.
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