Page 52 - NIS English 1-15 September 24

रााष्ट्र Nation 6 years of India Post Payments Bank

Your bank at your doorstep
India Post

Payments Bank

means instant banking

Your bank, at your doorstep. Like its
tagline India Post Payments Bank provides
banking on the fly or instant banking
facility. This IPPB is dedicated to providing
accessible and affordable banking services
in every part of the country which has
reached more than 8 crore customers.
Reaching eight crore customers shows
the trust of the people on IPPB which was
launched by Prime Minister Narendra
Modi on September 1, 2018. Now IPPB is
completing 6 years...

n the launch of India Post Payments Bank, bank for the common man in India. It aims to
Prime Minister Narendra Modi had said, remove barriers for the underbanked and reach
O"This bank is going to bring a big change the last mile by leveraging the large network of
in the country's economy and social system. The post offices and postal employees. So far, about
government first brought crores of poor families to 1.61 lakh post offices have been enabled to
the ambit of banks for the first time through Jan provide banking services, while more than 1.90
Dhan and with the initiative of IPPB, we are starting lakh postmen and Gramin Dak Sevaks have been
the work of taking the bank to the doorstep of equipped with smartphones and biometric devices
villages and the poor. Your bank at your doorstep is to provide banking services at the doorstep.
not just a slogan, it is the commitment and dream of IPPB's reach and its operating model are built on
the government." Through this bank, which started the key pillars of India Stack. Paperless, cashless
simultaneously in 650 districts of the country, the and presence-less banking is being provided at
postman who brings letters has now become a
mobile bank facilitator. This strategic step taken to
overcome the lack of financial services, empower In the budget for the financial year 2024-
the deprived and promote financial inclusion 25, it has been announced to set up more
through a combination of traditional and digital
banking services has strengthened the banking than 100 branches of India Post Payments
network in the rural area. Bank in the North East region. This will
IPPB has been established with the vision to significantly expand banking services in
create the most accessible, affordable and trusted rural and remote areas.

50 New India Samachar September 1-15, 2024