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Elaborating about the salient features of IPPB he said, "Through India Post Payments Bank (IPPB) we will reach to every nook and corner of the country.
IPPB has teamed up with financial services providers like PNB and Bajaj Allianz Life Insurance for third-party products like loans and insurance.
IPPB will have at least one branch in every district and focus on financial services in rural areas.
With an increasing base, it is still uncertain whether Jio, or any other feature phone company, will allow the IPPB app to be installed (or pre-installed) on the device.
Terming it a giant leap for rural India, Pradhan said the IPPB will bring new economic and job opportunities in villages and also revolutionise the Indian Postal Services.
The IPPB will provide a bouquet of financial services through its technology-enabled solutions which will be distributed by the Department of Posts (DoP) employees transforming them from mail deliverer to harbinger of financial services.
IPPB is also expected to enable more than 17 crore active account-holders of post office savings bank to make interoperable digital payments, including the benefit of NEFT, RTGS, UPI and bill payment services.
New Delhi [India], Feb 10 ( ANI ): With the nationwide rollout of the India Post Payments Bank (IPPB) Expansion Programme scheduled to begin in April this year, digital payments in post offices are expected to be enabled around the same time.
IPPB aims to have a pan-India reach and all post offices across the country will progressively become its access points.
Tenders are invited for Supply of external signage and comprehensive notice board in connection with ippb branding
5 (ANI): In a bid to drive the growth of financial inclusion, Union Telecom Minister Manoj Sinha claimed that the India Post Payments Bank (IPPB) is slated to be operational in over 650 locations across the country by April next year.
India Post Payments Bank (IPPB) has said that it is to start selling other companies mutual funds and insurance products by early 2018.