India Post Payment Bank

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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 Year Funds Sanctioned

(In `. crore)

Funds Allocated

(In `. crore)

Funds Utilized

(In `. crore)

FY 2019-20 335 335 335
FY 2020-21 220 220 220
FY 2021-22 200 200 200
FY 2022-23 200 200 200

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 Territory Total Accounts
ANDAMAN AND NICOBAR ISLANDS 2,275
ANDHRA PRADESH 40,36,832
ARUNACHAL PRADESH 62,153
ASSAM 7,36,111
BIHAR 97,78,191
CHANDIGARH 56,346
CHHATTISGARH 7,09,470
DADRA AND NAGAR HAVELI 27,155
DELHI 4,51,098
GOA 49,070
GUJARAT 21,19,776
HARYANA 8,12,489
HIMACHAL PRADESH 5,08,983
JAMMU AND KASHMIR 1,62,958
JHARKHAND 11,52,671
KARNATAKA 33,53,767
KERALA 11,19,015
LADAKH 3,362
LAKSHADWEEP 641
MADHYA PRADESH 31,01,087
MAHARASHTRA 73,21,164
MANIPUR 2,54,865
MEGHALAYA 48,523
MIZORAM 49,793
NAGALAND 1,07,733
ODISHA 20,12,401
PUDUCHERRY 42,921
PUNJAB 6,67,739
RAJASTHAN 27,35,563
SIKKIM 8,874
TAMIL NADU 31,59,191
TELANGANA 33,24,520
TRIPURA 73,058
UTTAR PRADESH 98,45,880
UTTARAKHAND 3,85,436
WEST BENGAL 22,14,136

Uttar Pradesh Branch Wise performance

Branch Name Total Accounts
AGRA FORT BRANCH 2,10,085
KANPUR DEHAT BRANCH 47,684
AMBEDKAR NAGAR BRANCH 90,697
ALIGARH BRANCH 2,03,093
PRAYAGRAJ 2,03,849
AMETHI BRANCH 60,714
AMROHA BRANCH 76,252
AZAMGARH BRANCH 1,68,871
BAGHPAT BRANCH 64,049
BAHRAICH BRANCH 4,48,833
BALLIA BRANCH 1,38,042
UP BALRAMPUR BRANCH 1,20,109
BANDA BRANCH 40,547
BARABANKI BRANCH 2,90,105
BAREILLY BRANCH 1,01,497
BASTI BRANCH 1,41,327
BHINGA BRANCH 1,10,412
BIJNOR BRANCH 1,94,295
BUDAUN BRANCH 2,14,935
BULANDSHAHR BRANCH 1,60,104
CHANDAULI BRANCH 45,520
DEORIA BRANCH 2,17,696
DIBIAPUR BRANCH 79,965
ETAH BRANCH 1,93,016
ETAWAH BRANCH 1,08,875
AYODHYA 1,00,244
FARRUKHABAD BRANCH 1,04,039
FATEHPUR BRANCH 65,523
FIROZABAD BRANCH 1,99,646
GHAZIABAD BRANCH 44,921
GHAZIPUR BRANCH 1,36,707
GONDA BRANCH 1,24,608
GORAKHPUR BRANCH 1,39,087
GYANPUR BRANCH 24,358
UP HAMIRPUR BRANCH 50,814
HAPUR BRANCH 37,256
HARDOI BRANCH 3,45,825
HATHRAS BRANCH 1,53,306
JAUNPUR BRANCH 1,58,453
JHANSI BRANCH 1,51,873
KANNAUJ BRANCH 93,955
KANPUR BRANCH 1,17,915
KARWI BRANCH 17,016
KASGANJ BRANCH 1,59,705
KHALILABAD BRANCH 1,21,602
KHERI BRANCH 3,91,183
LALITPUR BRANCH 1,27,221
LUCKNOW BRANCH 86,361
MAHOBA BRANCH 31,114
MAHRAJGANJ BRANCH 2,28,897
MAINPURI BRANCH 1,25,606
MATHURA BRANCH 1,52,091
MAU BRANCH 64,686
MEERUT BRANCH 1,01,392
MIRZAPUR BRANCH 1,63,712
MORADABAD BRANCH 1,98,059
MUZAFFAR NAGAR BRANCH 99,466
NOIDA BRANCH 30,517
ORAI BRANCH 2,88,343
PADRAUNA BRANCH 1,78,402
PILIBHIT BRANCH 83,233
PRATAPGARH BRANCH 59,618
RAEBARELY BRANCH 1,45,074
RAMPUR BRANCH 68,578
ROBERTSGANJ BRANCH 14,701
SAHARANPUR BRANCH 84,420
SHAHJAHANPUR BRANCH 99,693
SHAMLI BRANCH 40,754
SITAPUR BRANCH 5,55,927
SULTANPUR BRANCH 63,491
TETARI BAZAR BRANCH 1,03,360
UNNAO BRANCH 1,12,656
VARANASI BRANCH 69,900

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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