The India Post Payments Bank (IPPB) scheduled to be announced on the 21st of August 2018 ( Launch of IPPB is being rescheduled due to national mourning to pay homage to former Prime Minister Atal Bihari Vajpayee.) has been incorporated as a public sector company under the Department of Posts with 100% GOI equity and is governed by the Reserve Bank of India.
Two branches of the bank are already operational. Rest of the 648 branches will be launched across country in every district in August, 2018.
Request for services shall be made by calling the bank's phone banking number and service will be at your doorstep.
IPPB offers state-of-the-art, simple, secure and easy-to-use Mobile banking service through a Mobile app to access your IPPB account and carry out transactions from the convenience of your mobile phone.
IPPB is offering demand deposits such as savings and current accounts up to a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third-party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, direct benefit transfer, etc.
IPPBs objective is the last mile financial inclusion and connectivity to the remotest parts of the country with institutional finance for its people.
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