PM Modi will soon inaugurate India Post Payments Bank operations
Prime Minister Narendra Modi will soon inaugurate India Post Payments Bank operations with 650 branches across the country, Communications Minister Manoj Sinha said today.
The date of launch would be decided in a day or two," Sinha said during Question Hour.
Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.
Sinha also said the government has decided that every Lok Sabha constituency should have one Passport Seva Kendras.
There is about 251 Passport Seva Kendras across the country and it has been decided that there should be at least one Kendra within a 50 km radius, he added.
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