- They have partnered to boost the financial inclusion in underserved and unbanked areas of India.
- Under this partnership, IPPB will make use of Aadhaar Enabled Payment System (AePS) of FSS to offer the doorstep banking services to its customers in India.
- The Aadhaar Enabled Payment System (AePS) of FSS is a low-cost structure of a branchless business model which has the feature of digital banking.
- Under this partnership, IPPB will be able to offer banking services to around 410 million Jan Dhan accounts in India.
- Static Part:
- HQ of IPPB: New Delhi
- Tagline of IPPB: Aapke Bank, Aapke Dwar
- MD and CEO of IPPB: J. Venkatramu
- HQ of FSS: Chennai, TN
Question:
a. Punjab National Bank
b. Canara Bank
c. India Post Payments Bank (IPPB)
d. UCO Bank
