India Post Payments Bank (IPPB)

Current Context : India Post Payments Bank (IPPB),  marks its 7th Foundation Day (IPPB Day).

ACHIEVEMENTS OF INDIA POST PAYMENTS BANK (IPPB)

• Acquired over 88 crore customer accounts.
• On-boarded more than 12 lakh merchants.
• Successfully disbursed over ₹45,000 crore in Direct Benefit Transfers (DBT) to beneficiaries under various government schemes.
• Facilitated mobile number updates for Aadhaar cards for over 10 crore customers.
• Enabled Digital Life Certificate services for more than 20 lakh pensioners.

ABOUT  INDIA POST PAYMENTS BANK (IPPB)

• Established under the Department of Posts, Ministry of Communication with 100% equity owned by Government of India.
• Launched on September 01, 2018.
• Aim : to build the most accessible, affordable and trusted bank for the common man in India.