Explanation:

The Union Cabinet approved an additional funding of Rs 820 crore for India Post Payments Bank (IPPB) for expansion of its services to all post offices in the country.
Out of the 1.56 lakh post offices, IPPB currently operates from 1.3 lakh post offices. Since the launch, it has opened over 5.25 crore accounts with 82 crore aggregate number of transactions. The Cabinet has approved a future fund infusion worth Rs 500 crore for meeting regulatory requirements and technological upgradation.