GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF POSTS LOK SABHA UNSTARRED QUESTION NO. 1260 TO BE ANSWERED ON 14TH DECEMBER, 2022 INDIA POST PAYMENT BANK 1260.
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SHRI UPENDRA SINGH RAWAT: Will the Minister of COMMUNICATIONS be pleased to state:
(a) the salient characteristics of India Post Payment Bank (IPPB);
(b) the details of the funds sanctioned, allocated and utilized thereunder during each of the last three years, State/UT-wise;
(c) the target set and achievements made by the Government so far thereunder in the country, State/UT-wise including in rural and far flung areas of Uttar Pradesh;
(d) the details of facilities provided to subscribers of IPPB; and
(e) whether the Government is planning to expand this scheme in the next five years and if so, the details thereof?
ANSWER MINISTER OF STATE FOR COMMUNICATIONS (SHRI DEVUSINH CHAUHAN)
(a) 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.
(b) 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 –
(c) State/Union Territory-wise IPPB achievement are placed at Annexure – I.
(d) Services provided by IPPB to their subscribers are placed at Annexure – II. 2
(e) 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.
