India Post Payment Bank

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saurabh
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India Post Payments Bank
India Post Payments Bank

India Post Payments Bank (IPPB) is a scheduled payment bank offering a range of products such as savings and current accounts, remittances and money transfer, direct benefit transfer, bill and utility payments, enterprise & merchant payments and Aadhar Enabled Payment System (AePS). These products and related services are being offered across multiple channels e.g. Counter Services, Micro – ATM, Mobile Banking App, SMS and IVR and at the doorstep.

The funds are allocated by Department of Posts to IPPB centrally not State/UT-wise. The details of funds released to IPPB since inception are as under –

Financial YearFunds Sanctioned

(In `. crore)

Funds Allocated

(In `. crore)

Funds Utilized

(In `. crore)

FY 2019-20335335335
FY 2020-21220220220
FY 2021-22200200200
FY 2022-23200200200

State/Union Territory-wise IPPB achievement are placed at Annexure – I.

Services provided by IPPB to their subscribers are placed at Annexure – II.

Presently IPPB under Department of Posts has 650 branches and 1.37 lakh banking access points through Post Offices network PAN India. New facilities are added as per the customer’s requirements from time to time.

Annexure I

State/Union TerritoryTotal Accounts
ANDAMAN AND NICOBAR ISLANDS2,275
ANDHRA PRADESH40,36,832
ARUNACHAL PRADESH62,153
ASSAM7,36,111
BIHAR97,78,191
CHANDIGARH56,346
CHHATTISGARH7,09,470
DADRA AND NAGAR HAVELI27,155
DELHI4,51,098
GOA49,070
GUJARAT21,19,776
HARYANA8,12,489
HIMACHAL PRADESH5,08,983
JAMMU AND KASHMIR1,62,958
JHARKHAND11,52,671
KARNATAKA33,53,767
KERALA11,19,015
LADAKH3,362
LAKSHADWEEP641
MADHYA PRADESH31,01,087
MAHARASHTRA73,21,164
MANIPUR2,54,865
MEGHALAYA48,523
MIZORAM49,793
NAGALAND1,07,733
ODISHA20,12,401
PUDUCHERRY42,921
PUNJAB6,67,739
RAJASTHAN27,35,563
SIKKIM8,874
TAMIL NADU31,59,191
TELANGANA33,24,520
TRIPURA73,058
UTTAR PRADESH98,45,880
UTTARAKHAND3,85,436
WEST BENGAL22,14,136

Uttar Pradesh Branch Wise performance

Branch NameTotal Accounts
AGRA FORT BRANCH2,10,085
KANPUR DEHAT BRANCH47,684
AMBEDKAR NAGAR BRANCH90,697
ALIGARH BRANCH2,03,093
PRAYAGRAJ2,03,849
AMETHI BRANCH60,714
AMROHA BRANCH76,252
AZAMGARH BRANCH1,68,871
BAGHPAT BRANCH64,049
BAHRAICH BRANCH4,48,833
BALLIA BRANCH1,38,042
UP BALRAMPUR BRANCH1,20,109
BANDA BRANCH40,547
BARABANKI BRANCH2,90,105
BAREILLY BRANCH1,01,497
BASTI BRANCH1,41,327
BHINGA BRANCH1,10,412
BIJNOR BRANCH1,94,295
BUDAUN BRANCH2,14,935
BULANDSHAHR BRANCH1,60,104
CHANDAULI BRANCH45,520
DEORIA BRANCH2,17,696
DIBIAPUR BRANCH79,965
ETAH BRANCH1,93,016
ETAWAH BRANCH1,08,875
AYODHYA1,00,244
FARRUKHABAD BRANCH1,04,039
FATEHPUR BRANCH65,523
FIROZABAD BRANCH1,99,646
GHAZIABAD BRANCH44,921
GHAZIPUR BRANCH1,36,707
GONDA BRANCH1,24,608
GORAKHPUR BRANCH1,39,087
GYANPUR BRANCH24,358
UP HAMIRPUR BRANCH50,814
HAPUR BRANCH37,256
HARDOI BRANCH3,45,825
HATHRAS BRANCH1,53,306
JAUNPUR BRANCH1,58,453
JHANSI BRANCH1,51,873
KANNAUJ BRANCH93,955
KANPUR BRANCH1,17,915
KARWI BRANCH17,016
KASGANJ BRANCH1,59,705
KHALILABAD BRANCH1,21,602
KHERI BRANCH3,91,183
LALITPUR BRANCH1,27,221
LUCKNOW BRANCH86,361
MAHOBA BRANCH31,114
MAHRAJGANJ BRANCH2,28,897
MAINPURI BRANCH1,25,606
MATHURA BRANCH1,52,091
MAU BRANCH64,686
MEERUT BRANCH1,01,392
MIRZAPUR BRANCH1,63,712
MORADABAD BRANCH1,98,059
MUZAFFAR NAGAR BRANCH99,466
NOIDA BRANCH30,517
ORAI BRANCH2,88,343
PADRAUNA BRANCH1,78,402
PILIBHIT BRANCH83,233
PRATAPGARH BRANCH59,618
RAEBARELY BRANCH1,45,074
RAMPUR BRANCH68,578
ROBERTSGANJ BRANCH14,701
SAHARANPUR BRANCH84,420
SHAHJAHANPUR BRANCH99,693
SHAMLI BRANCH40,754
SITAPUR BRANCH5,55,927
SULTANPUR BRANCH63,491
TETARI BAZAR BRANCH1,03,360
UNNAO BRANCH1,12,656
VARANASI BRANCH69,900

Annexure – II

Services provided by IPPB:

The Department of Posts has set up India Post Payments Bank (IPPB) in the year 2018, which has enabled 1.38 lakh Post Offices to provide Banking services and has equipped nearly 1.9 lakh Postmen and Gramin Dak Sevaks with a smartphone and biometric device to provide doorstep banking Services including:

  • Paperless & Instant account opening
        • Savings accounts for citizens including Aadhaar Seeding for DBT (Direct Benefit Transfer) beneficiaries
      • Current Accounts for merchants
  • Virtual Debit Card
  • Cash Deposit/ Cash Withdrawal services
  • Domestic Money Transfer services – Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Unified Payment Interface (UPI)
  • Bill Payment services – Bill payment of utility bills, (Direct-to-Home) DTH/Mobile recharges, EMI (Equated Monthly Instalment) payments, insurance etc.
  • Insurance services for IPPB customers – Life, Health, Vehicle insurance & Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  • Post Office Savings Account (POSA) linkage with IPPB accounts
  • Online Payment for Post Office Savings schemes – Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSA), Recurring Deposit (RD)
  • Digital Life Certificate (DLC) services – Facilitate submission of DLC for any pensioners of central/state/ Employees Provident Fund Organisation (EPFO)
  • Aadhaar based services – Mobile Number update in Aadhaar for any citizen and Child Enrolment services for any child (0 – 5-year-old)
  • Cash Management services – Collection of dues from customers of corporates/ government bodies

This information was given by the Minister of State for Communications, Shri Devusinh Chauhan in a written reply to a question in Lok Sabha today.

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