Ministry of Communications
India Post Payments Bank (IPPB) to enable
Digital Payments in Post Offices by April
2018
10 FEB 2018
India Post Payments Bank (IPPB) Expansion Programme
continues to make brisk progress and a nation-wide
roll-out is scheduled beginning April 2018. No decision
has been taken to revise the timelines as reported in
some sections of the media on Tuesday, 06th February
2018. Once the proposed expansion is completed, IPPB
will be providing the largest financial inclusion
network in the country, covering both urban as well as
rural hinterland with ability to provide digital
payment services at the doorstep with the help of
Postmen and GraminDakSewaks (GDS). IPPB will also
enable more than 17 crore active account-holders of
Post Office Savings Bank to make interoperable digital
payments including the benefit of NEFT, RTGS, UPI and
bill payment services. Additionally, the IPPB will
enable acceptance of digital payments across post
offices in the country in line with the digital
payments initiative of the government.PIB
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