India Post Payments Bank (IPPB) was established under the Ministry of Communication to encourage the household to become self-reliant. It has a pan India presence with more than 700 post offices under its belt. The Motto is Aapka Bank Aapka Dwaar and provides the Account Services, Direct Benefit Transfers, Offline payments, Loans, Insurance, Cash Management Services, Pensions, Savings Schemes, Digital Payments, Net banking, and E statement facilities.
Factsheet of India Post Payment Bank| Bank Name | India Post Payment Bank |
| Founded in | Jan. 30, 2017 |
| Promoters/founders | Department of Post and Ministry of Communications |
| Headquarter Address | India Post Payments Bank (IPPB) |
| Employee's | 466000 |
| Type of Bank | Small Finance Bank |
| Official Website | https://www.ippbonline.com/ |
| Customer Care Number | 011-23362148, 18002666868 |
The India Post Payment Bank is also known as the IPPB that is under the ownership of the Postal Department of the Government of India. You will be astonished to know that this bank has more than 6 Crore customers in India. Since postal services were reaching every nook and corner of the nation, postal department felt the need to open the banking services and at this moment approached the Reserve Bank of India. The RBI gave the license to run the payments bank on August 19,2015 and our banking activities began to take shape.
On January 30 2017, the branch of the India Post Payment Bank was started at Ranchi and Raipur. The first phase of the India Post Bank started with 650 branches and around 3250 post offices and it was inaugurated on September 1, 2018. More than 10,000 postman has been recruited for this purpose and bank began to have more then 4 Crore customers. Till date we have an amazing strength of 155015 post offices in our nation and 6 lakh postman all over India to deliver quality service in Posts.
The people behind the start of the India Post Payment Bank is Mr. Vineeth Pandey, Secretary of Department of Posts, and Mr. J. Venkataramu, the Managing Director and CEO of the bank.
There are various banking services given by the India Post Payment Bank are as follows
There are various loans and credit facilities offered by the India Post Payment Bank are as follows:
India Post Payment Bank has 2 IFSC connected branches in India. Bank has branches in following states:
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