India Post Payments Bank (IPPB) was established under the Department of Posts, Ministry of Communications with 100% equity owned by the Government of India. IPPB was launched on 30 January 2017 as a pilot project in Ranchi (Jharkhand) and Raipur (Chhattisgarh) with an aim to be present all over India by FY 2018-2019. IPPB has expanded its strength across India covering post offices through a network of 650 IPPB branches/control offices working on a hub and spoke model.
IPPB aims to provide every household in India with access to efficient banking services and enable them to be financially secure and empowered.
IPPB will leverage the vast postal network of about 1.55 lakh post offices and 3.0 lakh postal workers in every district, town and village of the country to serve you. As we continue to expand our services to every door, our postman will become your trusted financial services advisor, working hard to make sure you get what you need – whether it’s your money Whether it’s easy access for essentials, saving for your loved ones, or even investing for a brighter future. For us, every customer is important, every transaction is important, and every deposit is valuable no matter what the value.
IPPB integrates easily with the existing bouquet of post office services, extending the services a frictionless turnaround.
Last Mile Delivery Agent is empowered with financial knowledge and intuitively designed digital tools to provide financial services and guidance with relative ease.
IPPB’s 360-degree payments suite creates transparency, eliminates corruption and leakages and contributes to a less cash economy.
Provides customers the ability to transact without cash through digital channels and enables small businesses to accept digital payments, thus closing the loop.
India Post Payments Bank is gearing up to lead the next revolution of banking as one of the largest financial inclusion network in India covering both urban and rural areas. Our new model of banking aims to enable individuals, small businesses, merchants and others to access full digital banking services. We are paving the way for India’s largest banking network to reach every nook and corner of the country.
Even small savings can go a long way towards ensuring a better future.
Small investments and insurance to protect you from unforeseen events.
Ensuring Financial Freedom – Money in your hand whenever you need it.
