IPPB has enabled 1.36 lakh post offices to provide banking services: MoS Communications Devusinh Chauhan in Lok Sabha
Sakshi Education
India Post Payments Bank (IPPB) provides digital platform for distribution of different insurance products as per IRDA guidelines, through the extensive network of post offices as well as at the doorstep through postmen and GraminDaksevaks.IPPB has been established under the department of posts, ministry of communication with 100 per cent equity owned by Union Government.
IPPB has enabled 1.36 lakh post offices to provide banking services: MoS Communications Devusinh Chauhan in Lok Sabha
IPPB did a nationwide launch on September 1st, 2018 with 650 branches almost one in each district in the country. As of now IPPB has enabled 1.36 lakh post offices to provide banking services and has equipped nearly 1.86 lakh postmen and GrameenDaksevaks with a smartphone and biometric device to provide doorstep banking services across the country.
