- Postmaster General Krishna Kumar Yadav inaugurates India Post Payments Bank’s 7th Foundation Day at Ahmedabad GPO
- IPPB extends the benefits of financial inclusion to remote areas through paperless and cashless banking facility – Postmaster General Krishna Kumar Yadav
NE BUSINESS BUREAU
AHMEDABAD, AUGUST 31
Stating that more than 33 lakh India Post Payments Bank accounts are being operated in Gujarat circle, Postmaster General of North Gujarat Region Krishna Kumar Yadav on Saturday said India Post Payments Bank, established as an undertaking of the Department of Posts, has established many new dimensions in its journey of 6 years by promoting ‘Aapka Bank, Aapke Dwar’. IPPB was launched nationwide by Prime Minister Narendra Modi on September 1, 2018.
Today it has an important role in the field of financial inclusion and Digital India in rural areas. Various public welfare schemes of the Central and State Government are being easily delivered to the last miles of the society, Yadav added.
Speaking at the 7th Foundation Day of India Post Payments Bank at Ahmedabad GPO on Saturday, Krishna Kumar Yadav, Postmaster General of North Gujarat Region, Ahmedabad, msaid, “More than 33 lakh IPPB accounts are operated in Gujarat circle. In the current financial year, IPPB in Gujarat has so far provided general insurance to 1.19 lakh people, mobile updation to 1.80 lakh and Aadhar enrollment of 2571 children under CELC. DBT payment of Rs 242 crore was made to more than 15 lakh people.”
Postmaster General Krishna Kumar Yadav further said that IPPB has reshaped the banking landscape by providing paperless, cashless and presentless banking facilities at the doorstep even in remote areas. IPPB’s target market segments, being some of the most financially excluded and vulnerable sections of the society, the Bank has enabled assisted banking at the last mile through frugal innovation and simple and intuitive user interfaces. 44% of IPPB customers are women, which also shows it’s important role in Women empowerment.
The Postmaster General said that Postmen and Gramin Dak Sevaks are working as a mobile bank through IPPB. IPPB is delivering various services at door step through the postmen like Aadhaar enrollment of upto 5 years old Children and updating mobile through CELC service, digital life certificate, DBT, Aadhar enabled payment system, bill payment, vehicle insurance, health insurance, accident insurance, Pradhan Mantri Jeevan Jyoti Bima Yojana etc. Online deposits can also be made in Sukanya, RD, PPF, Postal Life Insurance of the post office if someone has an IPPB account. IPPB is committed for improving the lives of people who do not have easy access to insurance & other financial services.
Dr. Rajeev Awasthi, Assistant General Manager, IPPB, said that IPPB is committed to provide comprehensive financial solutions to its customers through the wide and trustworthy network of the Department of Posts.
