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India Post Payments Bank(IPPB) was launched online by by Union Finance Minister Arun Jaitley in New Delhi in in Ranchi and Raipur
IPPB aims to give every Indian access to efficient banking servicesin rural and urban areas in the country.
Incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity, IPPB was launched in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year.
For now, IPPB is offering Savings account upto a balance of Rs 1 Lakh, along with digitally enabled payments and remittance services of all kinds between individuals. In due course, IPPB will also provide current accounts and access to third party financial services like insurance, mutual funds, pension, credit products, forex, and more..
Why people should go for banking with IPPB?
Convenience at your fingertips: We promise to make banking a simple, affordable and convenient experience for Indians across the nation. That’s why we make sure that citizens across the nation get seamless access to government benefits directly from their respective IPPB bank accounts and make the most of the financial opportunities available to them.
Pioneer in inclusive banking: At IPPB, we encourage smart saving and investment habits with our easily accessible banking services. Our vision is to extend banking facilities to the remotest corner of the nation. Our services transcend geographical borders. That’s how we aim to simplify banking and bring prosperity to every doorstep.
Efficiency of banking network: IPPB provides the most effective, accessible and readily available banking network across the nation. IPPB will soon offer banking services through digital channels like mobile, UPI, debit cards which can be used at ATMs, PoS and mobile-PoS. This facilitates all-round connectivity with your bank and helps you access your account details instantly.