Interestingly, India Post Bank is the largest non-lender bank in India. It has over 155,000 branches across the country that operate from post offices.
However, India Post Bank or IPPB has yet to offer several digital banking services that are common with other banks. This is being done in phases.
Closing Thoughts
Coming back to the question, how safe is your money with banks in India. I would say your money is very safe. If we read newspapers carefully, it will be clear that bank frauds haven’t really affected any customers.
Despite such a high number of frauds, it’s very rare that customers of a bank are seriously affected.
Obviously, banks try their best to avoid frauds and prevent any problems for their customers. Customers too can help in their efforts by providing proper KYC details and ensuring their account information doesn’t leak into wrong hands.
However, India Post Bank or IPPB has yet to offer several digital banking services that are common with other banks. This is being done in phases.
Closing Thoughts
Coming back to the question, how safe is your money with banks in India. I would say your money is very safe. If we read newspapers carefully, it will be clear that bank frauds haven’t really affected any customers.
Despite such a high number of frauds, it’s very rare that customers of a bank are seriously affected.
Obviously, banks try their best to avoid frauds and prevent any problems for their customers. Customers too can help in their efforts by providing proper KYC details and ensuring their account information doesn’t leak into wrong hands.
