India Post expects to start the first 50 branches of its payments bank by May 2017, seeking to widen financial inclusion in the country.
As per the current plan, India Post Payments Bank (IPPB) - as it has been termed - will eventually have 650 branches across the country.
While the first set of branches will open by May, the remaining will start operations by September 2017, a top official of the Department of Posts said.