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PM Narendra Modi launches India Post Payments Bank

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank which will go live with 650 branches and 3,250 access points. The government aims to link all 1.55 lakh post offices to the India Post Payments Bank system by December 31. The bank can accept deposits of up to ₹1 lakh but can’t issue loans or credit cards.

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