INDIA POST PAYMENTS BANK (IPPB)

Current Context: IPPB won the Finance Ministry’s Digital Payments Award 2024–25, topping the DFS index among payment banks for its inclusive, tech-led outreach.

ABOUT IPPB:

• Ownership: Fully government-owned under Dept. of Posts, Ministry of Communications.
• Setup : Established via RBI license in August 2015; started operations from January‐September 2017–18
• Reach & Significance:
• Operates through ~1.55 lakh post offices and over 3 lakh postmen/Gramin Dak Sewaks.
• As of March 2024, it serves over 90 million customers
• Provides doorstep banking, multilingual interfaces (13 languages), and performs vital role in digital & financial inclusion.