New Delhi : Never had enough money till I became an MLA for an operational bank account, Prime Minister Narendra Modi said on Saturday during his speech at the launch of India Post Payments Bank in New Delhi.

PM Modi said he had one account with Dena Bank during his school days when the bank opened for students a piggy bank account. His account remained empty, however, he added.

The prime minister added that the bank officials tried locating him for 32 years to close the account after he had left the village.

"After 32 years, they got to know I was at a particular place so the bank officials came there and said please sign, we need to close your account," PM Modi said adding that after he became MLA in Gujarat and started drawing a salary, he had to open an account. "Before that, there was no (operational) account," he said.

PM Modi on September 1 launched IPPB that will have 650 branches and 3250 access points across the country.

IPPB, the payments bank of Indian postal department that will take banking to doorstep of every citizen through an unmatched network of post offices and almost 3 lakh postmen and 'Grameen Dak Sewaks'.

"IPPB has been envisioned as an accessible, affordable and trusted bank for the common man, to help speedily achieve the financial inclusion objectives of the Central government. It will leverage the vast network of the department of posts, which covers every corner of the country with more than 300,000 postmen and Grameen Dak Sewaks. IPPB will hence significantly augment the reach of the banking sector in India," said a government statement.

"The IPPB will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments. These products, and related services, will be offered across multiple channels (counter services, micro-ATM, mobile banking app, SMS and IVR), using the bank's state-of-the-art technology platform," the statement added.

courtesy : indiatoday.in

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Bajpe: Police have arrested a youth for allegedly posting derogatory and defamatory content against the Bajpe police on social media.

The arrested accused has been identified as Abhishek M. (23), a resident of Katipalla, Surathkal.

According to the police, Abhishek posted a photograph of Bajpe Nisarga Hotel on his Instagram account mr_a_titude_22, alleging that accused persons in a murder case under the jurisdiction of the Bajpe police station were being treated “like royalty” by the police and were being served beef meals from the hotel every day. In his post, he further accused the police of colluding with criminals and misusing their authority, stating that public trust in the police was being betrayed.

Following which, the Bajpe police registered a case and arrested the accused.

Police records reveal that Abhishek is already facing multiple criminal cases. A case of murder, attempt to murder, assault and robbery has been registered against him at the Surathkal police station. At the same time, a robbery case has also been registered at the Kaup police station.

After his arrest, Abhishek was handed over to the custody of the CEN police for further investigation. He was later produced before a court, police said.