Which of the following services are provided by the India Post Payment Bank 1 Domestic Remittan...........

Indian Economy (Easy) Money and banking

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Which of the following services are provided by the India Post Payment Bank?

1. Domestic Remittance Service

2. Direct Benefit Transfer

3. Savings Account Service

Select the correct answer using the code given below.

1, 2 and 3

2 and 3 only

(1 and 2 only

None

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Explanation:

Indian Post Payment Bank is another payment bank which was launched on 12th January 2017, after Airtel Payments Bank. You can make deposits and undertake various payment services by the Payments bank, however, unlike, the commercial banks, payments banks do not offer loans.

Indian Post Payment Bank started its pilot services in Ranchi and Raipur and is expected to expand to around 650 branches.