India Post Payment Bank operates under strict Reserve Bank of India (RBI) regulations as a payments bank
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IPPB facilitates basic banking services while complying with laws restricting credit and high-risk financial products
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It is legally restricted to holding up to ₹2 lakhs per account as per Indian financial regulations
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Licensed under the Banking Regulation Act, IPPB is mandated to maintain 75% of funds in government securities
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RBI regulations ensure IPPB adheres to anti-money laundering laws and KYC verification procedures
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IPPB functions as a public sector entity under legal governance from the Indian Department of Posts
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Payments banks like IPPB cannot issue loans under Indian law, focusing solely on deposit and payment services
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IPPB complies with IT laws to safeguard digital transactions and prevent cyber fraud in financial dealings
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Tax implications on IPPB interest earnings follow Income Tax Act provisions, ensuring financial transparency
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It plays a pivotal role in implementing financial inclusion laws under the Pradhan Mantri Jan Dhan Yojana (PMJDY)
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IPPB ensures all services comply with consumer protection laws, providing a secure banking experience for account holders
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