India Post Payments Bank Celebrates 8th Foundation Day


India Post Payments Bank (IPPB) commemorated its 8th Foundation Day on September 1, 2025, surpassing 12 crore customers and extending digital banking services to rural India.

National-Scale Financial Inclusion Model

IPPB, established in 2018 under the Department of Posts, Ministry of Communications, has emerged as a leading player in promoting financial inclusion across India.

  • 1.64 lakh post offices integrated into its network
  • 1.90 lakh+ Postmen and Gramin Dak Sevaks (GDS) supporting operations
  • Serving in 13 Indian languages across 5.57 lakh villages and towns

Innovations Driving IPPB’s Success

IPPB has diversified its service offerings to cater to a broad range of customer requirements.

Key Offerings

  • DigiSmart – Digital Savings Account
  • Premium Aarogya Savings Account – Bank account bundled with healthcare benefits
  • Face Authentication – Aadhaar-based biometric login for secure access
  • RuPay Virtual Debit Card – Simplifying digital payments
  • AePS (Aadhaar-enabled Payment System) – Enabling cash withdrawals, balance checks, and fund transfers
  • Bharat BillPay Integration – Streamlining utility bill payments

IPPB further facilitates:

  • Direct Benefit Transfers (DBT) and pension disbursements
  • Credit services through referral partnerships
  • Insurance and investment products via institutional collaborations
  • Cross-border remittances for migrant families

Key Takeaways for Competitive Exams

  • Established under: Department of Posts, Ministry of Communication
  • Ownership: 100% Government of India
  • Launch Date: September 1, 2018
  • Headquarters: New Delhi

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