Budget 2024: 100 Branches Of India Post Payments Bank In North East Announces Nirmala Sitharaman

To strengthen the banking system of the North East, Nirmala Sitharaman has made big announcements in Budget 2024.

The government on Tuesday announced that it will set up as many as 100 branches of India Post Payments Bank (IPPB) in Northeastern states of the country.

“More than 100 branches of India Post Payments will be set up in the North-East region to expand banking services,” Sitharaman said in her union budget address.

The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget for 2024-25. IPPB has crores of accounts at present and operates through lakhs of branches.

(With Inputs From PTI)