IPPB Services as on 30.10.2024 Loksabha Question Answer

India Post Payments Bank(IPPB): A Comprehensive Overview

Download IPPB Services as on 30.10.2024 Loksabha Question Answer in PDF

Date: 27 November 2024

Published by: PIB Delhi

India Post Payments Bank (IPPB), the only payments bank established under the Department of Posts, continues to enhance its outreach and services across the nation. With a robust network of 650 branches and over 1.63 lakh access points through the post office network, IPPB plays a significant role in improving financial inclusion, particularly in rural areas.

IPPB Services and Offerings

IPPB provides a diverse range of products and services to its customers:

1. Banking Services:

   • Savings and Current Accounts
   • Virtual Debit Cards
   • Domestic Money Transfer Services

2. Utility Payments and Insurance:

   • Bill and utility payments
   • Insurance services for IPPB customers

3. Post Office Integration:

   • Post Office Savings Account (POSA) linkage with IPPB accounts
   • Online payments for Post Office Savings schemes

4. Aadhaar-Linked Services:

   • Aadhaar Enabled Payment System (AePS)
   • Mobile number updates in Aadhaar
   • Child enrollment services for children aged 0-5 years

5. Special Services:

   • Digital Life Certificates (DLC) for pensioners

Highlights from Maharashtra

• Sambhaji Nagar (Aurangabad) District:
  IPPB has opened 6,80,794 accounts in the district, reflecting its strong presence in the region.

State-Wise Impact

As of 31 October 2024, IPPB has successfully expanded its services across various states. The attached annexure provides detailed state-wise data, showcasing the growth in the number of accounts and the reach of its services.

Example Data (as of 31.10.2024):

• Madhya Pradesh:
  • Number of Accounts: (data awaited)
  • DBT Beneficiaries: (data awaited)
  • Aadhaar Updation Services: (data awaited)
• Dadra and Nagar Haveli:
  • Number of Accounts: (data awaited)
  • DBT Beneficiaries: (data awaited)
  • Aadhaar Updation Services: (data awaited)

(Full data is available in Annexure I.)

Public Awareness and Outreach Initiatives

• Branded Signage: IPPB signage has been installed across all post offices to inform the public about available services.
• Camps and Media Campaigns: Regular camps are conducted, particularly in rural areas, to promote IPPB services. Awareness is also raised through:
  • Visual and print media
  • Radio jingles
  • Social media platforms

Government Scheme Integration

IPPB has been instrumental in enabling doorstep delivery of government schemes through its handheld devices, ensuring access to:

• Direct Benefit Transfers (DBT)
• Digital Life Certificates
• Aadhaar mobile number updates

Minister's Statement

This information was shared by Dr. Pemmasani Chandra Sekhar, Minister of State for Communications, in a written reply to a Lok Sabha question on 27 November 2024.