India Post Payments Bank (IPPB) proudly on 15 January announced the attainment of a significant milestone, with eight crore customers now benefiting from its innovative and inclusive financial services.
Since its inception, the IPPB has been dedicated to providing accessible and affordable banking solutions to every corner of the nation. This remarkable achievement of reaching eight crore customers reflects the trust and confidence placed in IPPB by the people of India. The establishment of India Post Payments Bank was a strategic move to bridge the financial gap, empower the underserved population and drive financial inclusion through a combination of traditional and digital banking services.|
• India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India.
• IPPB was launched on September 1, 2018. The bank has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India.
• The fundamental mandate of India Post Payments Bank is to remove barriers for the unbanked & underbanked and reach the last mile leveraging the Postal network comprising 155,000 Post Offices (135,000 in rural areas) and 300,000 Postal employees.