India Post Payments Bank
Overview
India Post Payments Bank (IPPB) is a payments bank in India. It was launched in 2018 and is owned by India Post, which is under the Department of Posts, Ministry of Communications of the Government of India. IPPB aims to provide accessible, affordable, and reliable banking services to the unbanked and underbanked population, particularly in rural areas. It leverages the vast network of post offices and postal workers to offer services such as savings accounts, money transfers, bill payments, and insurance.
About Us
India Post Payments Bank (IPPB), established under the Department of Posts, Ministry of Communication and fully owned by the Government of India, aims to be the most accessible, affordable, and trusted bank for the common Indian citizen. IPPB's core mission is to eliminate barriers for unbanked and underbanked populations by utilizing the extensive Postal network. This network includes 155,000 Post Offices, with a significant presence of 135,000 in rural areas, and leverages the expertise of 300,000 Postal employees to reach even the most remote locations.
Vision
To build the most accessible, affordable and trusted bank for the common man in India.
Mission
To be the best digital bank serving the underserved.
Headquarters
New Delhi
Specialties & Industries
Open Positions
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