Ministry of Communications
India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018
10 FEB 2018
India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018. No decision has been taken to revise the timelines as reported in some sections of the media on Tuesday, 06th February 2018. Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and GraminDakSewaks (GDS). IPPB will also enable more than 17 crore active account-holders of Post Office Savings Bank to make interoperable digital payments including the benefit of NEFT, RTGS, UPI and bill payment services. Additionally, the IPPB will enable acceptance of digital payments across post offices in the country in line with the digital payments initiative of the government.
PIB
Related to Your Search:
- PM to launch India Post Payments Bank on Saturday, 1st September
- PM launches India Post Payments Bank – a major initiative towards financial inclusion
- Cabinet approves Revised Cost Estimate for setting up of India Post Payments Bank
- India Post Payments Bank will be a game changer for financial inclusion – Manoj Sinha
- India Post launches logo and tagline design contest for IPPB on MyGov
- Jeevan Pramaan / Digital Life Certificate Services in Assisted Mode through India Post Payments Bank IPPB
- DoP through IPPB has launched doorstep service for all pensioners to submit Digital Life Certificate from comfort of their home
- 2,590 post offices have core banking facilities
- DoP starts logo contest for payments bank with Rs 50k prize
Leave a Reply