Saturday 26 March 2022

Penetration of IPPB Into Rural Areas

 Penetration of IPPB Into Rural Areas

India Post Payments Bank (IPPB) has enabled more than 1.36 lakh Post Offices to provide banking services. In addition, nearly 1.89 lakh Postmen and Gramin Dak Sevaks (GDS) have been equipped with smartphones and biometric devices to provide doorstep banking services. This includes the facility of Bill Payment such as utility bills, Direct to Home (DTH)/Mobile recharges, Equated Monthly Instalment (EMI) payments etc. through account debit or cash payment.

The linking of 1.5 lakh post offices to core banking system spread throughout the country, would enable the customers in rural areas in accessing financial services, ATM banking, internet banking etc. Further, customers in rural areas will be able to transfer the funds from post office savings accounts to bank accounts and vice versa.

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


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