India Post Payments Bank to start selling Insurance and Mutual Funds

India Post
                                                                                           Image Source: Google Images

 

“The India Post Payments Bank will start selling Mutual Funds and Insurance products of other companies by March next year”, said Chief Executive A P Singh.
As per RBI norms, Payments banks have to focus on providing basic financial services such as deposits up to 1 lakh along with utility bill payments etc.

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