Ministry of Communications

India Post Payment Bank

Posted On: 14 DEC 2022 4:58PM by PIB Delhi

India Post Payments Bank (IPPB) is a scheduled payment bank offering a range of products such as savings and current accounts, remittances and money transfer, direct benefit transfer, bill and utility payments, enterprise & merchant payments and Aadhar Enabled Payment System (AePS). These products and related services are being offered across multiple channels e.g. Counter Services, Micro – ATM, Mobile Banking App, SMS and IVR and at the doorstep.

The funds are allocated by Department of Posts to IPPB centrally not State/UT-wise. The details of funds released to IPPB since inception are as under –

 

Financial Year

Funds Sanctioned

(In `. crore)

Funds Allocated

(In `. crore)

Funds Utilized

(In `. crore)

FY 2019-20

335

335

335

FY 2020-21

220

220

220

FY 2021-22

200

200

200

FY 2022-23

200

200

200

 

State/Union Territory-wise IPPB achievement are placed at Annexure – I.

Services provided by IPPB to their subscribers are placed at Annexure – II.

Presently IPPB under Department of Posts has 650 branches and 1.37 lakh banking access points through Post Offices network PAN India. New facilities are added as per the customer’s requirements from time to time.

Annexure I

State/Union Territory

Total Accounts

ANDAMAN AND NICOBAR ISLANDS

2,275

ANDHRA PRADESH

40,36,832

ARUNACHAL PRADESH

62,153

ASSAM

7,36,111

BIHAR

97,78,191

CHANDIGARH

56,346

CHHATTISGARH

7,09,470

DADRA AND NAGAR HAVELI

27,155

DELHI

4,51,098

GOA

49,070

GUJARAT

21,19,776

HARYANA

8,12,489

HIMACHAL PRADESH

5,08,983

JAMMU AND KASHMIR

1,62,958

JHARKHAND

11,52,671

KARNATAKA

33,53,767

KERALA

11,19,015

LADAKH

3,362

LAKSHADWEEP

641

MADHYA PRADESH

31,01,087

MAHARASHTRA

73,21,164

MANIPUR

2,54,865

MEGHALAYA

48,523

MIZORAM

49,793

NAGALAND

1,07,733

ODISHA

20,12,401

PUDUCHERRY

42,921

PUNJAB

6,67,739

RAJASTHAN

27,35,563

SIKKIM

8,874

TAMIL NADU

31,59,191

TELANGANA

33,24,520

TRIPURA

73,058

UTTAR PRADESH

98,45,880

UTTARAKHAND

3,85,436

WEST BENGAL

22,14,136

 

Uttar Pradesh Branch Wise performance

Branch Name

Total Accounts

AGRA FORT BRANCH

2,10,085

KANPUR DEHAT BRANCH

47,684

AMBEDKAR NAGAR BRANCH

90,697

ALIGARH BRANCH

2,03,093

PRAYAGRAJ

2,03,849

AMETHI BRANCH

60,714

AMROHA BRANCH

76,252

AZAMGARH BRANCH

1,68,871

BAGHPAT BRANCH

64,049

BAHRAICH BRANCH

4,48,833

BALLIA BRANCH

1,38,042

UP BALRAMPUR BRANCH

1,20,109

BANDA BRANCH

40,547

BARABANKI BRANCH

2,90,105

BAREILLY BRANCH

1,01,497

BASTI BRANCH

1,41,327

BHINGA BRANCH

1,10,412

BIJNOR BRANCH

1,94,295

BUDAUN BRANCH

2,14,935

BULANDSHAHR BRANCH

1,60,104

CHANDAULI BRANCH

45,520

DEORIA BRANCH

2,17,696

DIBIAPUR BRANCH

79,965

ETAH BRANCH

1,93,016

ETAWAH BRANCH

1,08,875

AYODHYA

1,00,244

FARRUKHABAD BRANCH

1,04,039

FATEHPUR BRANCH

65,523

FIROZABAD BRANCH

1,99,646

GHAZIABAD BRANCH

44,921

GHAZIPUR BRANCH

1,36,707

GONDA BRANCH

1,24,608

GORAKHPUR BRANCH

1,39,087

GYANPUR BRANCH

24,358

UP HAMIRPUR BRANCH

50,814

HAPUR BRANCH

37,256

HARDOI BRANCH

3,45,825

HATHRAS BRANCH

1,53,306

JAUNPUR BRANCH

1,58,453

JHANSI BRANCH

1,51,873

KANNAUJ BRANCH

93,955

KANPUR BRANCH

1,17,915

KARWI BRANCH

17,016

KASGANJ BRANCH

1,59,705

KHALILABAD BRANCH

1,21,602

KHERI BRANCH

3,91,183

LALITPUR BRANCH

1,27,221

LUCKNOW BRANCH

86,361

MAHOBA BRANCH

31,114

MAHRAJGANJ BRANCH

2,28,897

MAINPURI BRANCH

1,25,606

MATHURA BRANCH

1,52,091

MAU BRANCH

64,686

MEERUT BRANCH

1,01,392

MIRZAPUR BRANCH

1,63,712

MORADABAD BRANCH

1,98,059

MUZAFFAR NAGAR BRANCH

99,466

NOIDA BRANCH

30,517

ORAI BRANCH

2,88,343

PADRAUNA BRANCH

1,78,402

PILIBHIT BRANCH

83,233

PRATAPGARH BRANCH

59,618

RAEBARELY BRANCH

1,45,074

RAMPUR BRANCH

68,578

ROBERTSGANJ BRANCH

14,701

SAHARANPUR BRANCH

84,420

SHAHJAHANPUR BRANCH

99,693

SHAMLI BRANCH

40,754

SITAPUR BRANCH

5,55,927

SULTANPUR BRANCH

63,491

TETARI BAZAR BRANCH

1,03,360

UNNAO BRANCH

1,12,656

VARANASI BRANCH

69,900

 

Annexure - II

Services provided by IPPB:

The Department of Posts has set up India Post Payments Bank (IPPB) in the year 2018, which has enabled 1.38 lakh Post Offices to provide Banking services and has equipped nearly 1.9 lakh Postmen and Gramin Dak Sevaks with a smartphone and biometric device to provide doorstep banking Services including:

  • Paperless & Instant account opening
        • Savings accounts for citizens including Aadhaar Seeding for DBT (Direct Benefit Transfer) beneficiaries
      • Current Accounts for merchants
  • Virtual Debit Card
  • Cash Deposit/ Cash Withdrawal services
  • Domestic Money Transfer services – Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Unified Payment Interface (UPI)
  • Bill Payment services - Bill payment of utility bills, (Direct-to-Home) DTH/Mobile recharges, EMI (Equated Monthly Instalment) payments, insurance etc.
  • Insurance services for IPPB customers – Life, Health, Vehicle insurance & Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
  • Post Office Savings Account (POSA) linkage with IPPB accounts
  • Online Payment for Post Office Savings schemes – Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSA), Recurring Deposit (RD)
  • Digital Life Certificate (DLC) services – Facilitate submission of DLC for any pensioners of central/state/ Employees Provident Fund Organisation (EPFO)
  • Aadhaar based services – Mobile Number update in Aadhaar for any citizen and Child Enrolment services for any child (0 - 5-year-old)
  • Cash Management services – Collection of dues from customers of corporates/ government bodies

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

***

RKJ/BK



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