A day after India Post Payments Bank (IPPB)  celebrated its 8th Foundation Day, known as IPPB Day, on Monday, the banking landscape is witnessing inclusive banking delivery, accessible, and affordable services at the last mile.

Since inception, IPPB has emerged as one of the largest financial inclusion initiatives globally, leveraging the unmatched reach of more than 1.64 lakh Post Offices and more than 1.90 lakh Postmen and Gramin Dak Sevaks (GDS). The Bank has successfully on-boarded over 12 crore customers, processed billions of digital transactions, and enabled doorstep banking services in rural, semi-urban, and remote regions.

Recent innovations have further strengthened IPPB’s portfolio. The Bank has expanded into end-to-end DBT disbursements, pension payments, credit facilitation through referral tie-ups and insurance & investment products in collaboration with partner institutions. 

New offerings like DigiSmart (Digital Savings Accounts), Premium Aarogya Savings Account (Bank Account with Healthcare Benefits), Aadhaar-based Face Authentication has added newer dimensions of customer convenience and on-demand availability of digital banking services. The RuPay Virtual Debit Card, AePS (Aadhaar-enabled Payment Services), cross-border remittances, and Bharat BillPay integration had already made IPPB a truly comprehensive financial services provider at the grassroots.

Ms. Vandita Kaul, Chairman, IPPB, said “IPPB has demonstrated that financial inclusion is not just a vision but a deliverable reality. With our unique model of postal banking, we have empowered millions of Indians, particularly in rural and underserved regions, by taking banking to their doorsteps. Our journey sets a global benchmark for last-mile financial service delivery. This 8th Foundation Day is even more special as IPPB has crossed the 12 Crore Customer milestone.”