India Post Payments Bank Limited
Overview
India Post Payments Bank Limited (IPPB) is an Indian payments bank headquartered in New Delhi. It was launched on September 1, 2018, by the Prime Minister of India, Narendra Modi. The bank operates as a subsidiary of India Post, which is under the Department of Posts, Ministry of Communications. IPPB aims to provide accessible, affordable, and reliable banking services to the unbanked and underbanked population of India, particularly in rural areas. It leverages the extensive postal network to reach customers and offers a range of services including savings accounts, money transfers, bill payments, and access to government schemes. IPPB focuses on digital banking and uses technologies like Aadhaar-based authentication and mobile banking to deliver its services.
About Us
India Post Payments Bank (IPPB) has been set up with the vision to build the most accessible, affordable and trusted bank for the common man in India. The fundamental premise of IPPB is to leverage the vast network of the Department of Posts (DoP) and its employees to extend banking services to every corner of the country. IPPB is governed by the Reserve Bank of India (RBI). The bank is 100% owned by the Government of India.
Vision
To build a financially inclusive society by providing simple, affordable, and reliable banking services to every citizen of India.
Mission
To be the best digital bank in India, serving the underserved and unbanked population through innovative and accessible financial solutions.
Culture
IPPB fosters a customer-centric culture, emphasizing accessibility, reliability, and innovation. It focuses on empowering its employees to deliver seamless banking experiences, particularly in rural and remote areas. The organization promotes a culture of trust and ethical conduct, reflecting its connection to the trusted brand of India Post.