India Post Payments Bank (IPPB), which operates in post offices across the country, has achieved a new milestone by reaching out to 8 crore customers. According to the PIB report, the Union Ministry of Communications said, ‘Crores of customers are taking advantage of the innovative and inclusive services of India Post Payment Bank. The bank’s reach to 8 crore customers strengthens the trust of the countrymen on IPPB.
India Post Payment Bank provides many facilities to its customers through its mobile banking app.
Established 5 years ago
India Post Payments Bank has been established under the Department of Posts, Ministry of Communications with 100% equity of the Central Government. It was started on September 1, 2018. The objective of its establishment was to bridge the financial gap, empower the underprivileged population as well as promote financial inclusion through a combination of traditional and digital banking services.
We are happy to announce that India Post Payments Bank has reached 8 crore customers. This achievement is a testament to our mission to provide banking services to every Indian irrespective of socio-economic status.
Easwaran Venkateshwaran, MD, CEO (Interim) and COO, India Post Payment Bank
Reaching a large population of the country
India Post Payment Bank said, ‘Our banking services have reached the vast population of the country. With its commitment towards financial inclusion, IPPB has played an important role in financially empowering people across the country, from cities to villages. The bank’s focus on digital banking services has facilitated seamless and hassle-free transactions.
