100 Branches of India Post Payment Bank To Be Set up In North East: FM
- By Thetripurapost Desk, Guwahati
- Jul 23, 2024
- 336
Finance Minister Nirmala Sitharaman on Tuesday announced that over 100 branches of India Post Payment Bank (IPPB) will be set up in the North East while presenting her seventh Budget in the Lok Sabha on Tuesday July 23.
The move reflects Prime Minister Narendra Modi's vision for the development of India's Northeast.
IPPB is at the forefront in providing various products and services to the people living at the farthest ends of the country. It also gives the customers the opportunity of banking facilities at their home with Door Step Banking (DSB) services.
India Post's wide network of more than 1.36 lakh post offices providing supportive banking services to millions of customers is making banking accessible even to the most remote areas of the country.
Earlier this year, India Post Payments Bank achieved a significant milestone, with 8 crore customers now benefiting from its financial services.
IPPB, established under the Department of Posts, is 100 percent owned by the Central Government. It was launched on September 1, 2018.
Since inception, IPPB has been dedicated to providing accessible and affordable banking solutions to every corner of the country.
With its commitment towards financial inclusion, IPPB has played a vital role in empowering people living in remote and underprivileged areas.
The bank's focus on digital banking services has facilitated seamless transactions, making banking services accessible to the remotest of areas