India Post Payments Bank (IPPB) is an initiative of the India Post to provide banking services even in the remotest location of the country and further the cause of financial inclusion. The primary aim of the institution is to provide banking and financial solutions to people in the rural areas by leveraging its presence throughout India in the form of 1.55 lakh India Post branches.
What is India Post Payments Bank?
India Post Payments Bank is a public limited company with the government holding a 100% stake through the Department of Posts. The company incorporated on 17th August 2016 is facilitating doorstep banking. The bank has 650 branches and 3250 customer access points. The organization already manages 995 ATMs across the country.