India Post Payments Bank (IPPB): Salient Features, Facilities and Other Banking service Details
GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS
UNSTARRED QUESTION NO: 303 ANSWERED ON: 03.02.2021
India Post Payments Bank
Nihal Chand Chauhan Jaskaur Meena
Will the Minister of COMMUNICATIONS be pleased to state:-
(a) the salient features of India Post Payments Bank (IPPB);
(b) the number of districts included under the said scheme during each of the last three years, State/ UT-wise;
(c) the number of persons covered under IPPB during the same period, district-wise including Dausa district;
(d) the details of the facilities provided by the Government to the IPPB account holders at present; and
(e) the steps taken/being taken by the Government to further facilitate the services for the account holders in future?
MINISTER OF STATE FOR COMMUNICATIONS, EDUCATION AND ELECTRONICS & INFORMATION TECHNOLOGY (SHRI SANJAY DHOTRE)
(a) India Post Payments Bank (IPPB) is a scheduled payment bank offering a range of products such as savings and current accounts, remittances and money transfer, direct benefit transfer, bill and utility payments, enterprise & merchant payments and Aadhar Enabled Payment System (AePS). These products and related services are being offered across multiple channels e.g. Counter Services, Micro – ATM, Mobile Banking App, SMS and IVR and at the doorstep.
(b) IPPB has 650 branches and 1,36,078 banking access points across PAN India. District-wise details of IPPB branches is placed at Annexure- A.
(c) IPPB started its PAN India operations from 01.09.2018. District wise customer base is placed at column no. (d) of Annexure-A. Customer base in Dausa district is 53028.
(d) IPPB offers a comprehensive suite of banking services to its account holders:
- Completely paperless and Instant Account Opening
- Cash Deposits/ Withdrawal
- Money transfers
- Utility Bill Payments
- Government to Citizen (G2C) Payments including DBT benefit
(e) IPPB is working towards enabling a complete suite of financial services including distribution of Loans, Insurance and Investments at the last mile through 3rd party tie-ups.