what is Indian Post Payments Bank(IPPB) and benefit for it

IPPB

Introduction of IPPB--

The payment Bank of India Post would be like any other bank, but it would be operational at a smaller level which would reduce the likelihood of risk. They will operate most of the banking services, such as accepting deposits. But they can neither give a loan or credit card.
The IPPB or Indian Post Payments Bank, propelled by PM Modi on Saturday, is an activity of the legislature went for making managing an account administrations accessible at individuals' doorstep. This installments bank of the Indian postal division will work through a system of post workplaces and almost 3 lakh postmen and 'Grameen Dak Sewaks'. The administrations of IPPB will be accessible at 650 branches and 3,250 passages from today.

function of it--

The activities of IPPB will be on a littler scale when contrasted with different banks and won't propel advances or issue Visas to maintain a strategic distance from hazard. Playing out whatever remains of its capacities, it will acknowledge stores, offer settlement administrations, versatile installments/exchanges/buys and other saving money administrations like ATM/charge cards, net saving money and outsider reserve exchanges.
The most extreme farthest point on stores is Rs 1 lakh, past which the record will be consequently changed over into post office investment account. The bank offers a 4 percent interest on saving account account.

how we can get it----

The items and administrations of the bank will be made accessible through different mediums, for example, counter administrations, small scale ATMs, versatile keeping money application, messages and intelligent voice reaction. The IPPB will utilize Aadhaar to open records and a QR card and biometrics will be utilized for validation, exchanges, and installments. The Grameen Dakiya will convey cell phones and biometric gadgets to deal with exchanges.