Page 53 - NIS English 1-15 September 24

6 years of India Post Payments Bank Nation

Services of IPPB

Through India Post Payments
Bank, the path has been opened n Paperless and instant account opening
for the resolve to bring banks and
n Savings accounts for citizens including
banking facilities to every poor Aadhaar seeding for DBT beneficiaries
person in the country, to every
n Current accounts for merchants
corner of the country, to people
n Virtual debit card
living in remote mountains, to
n Cash deposit and withdrawal services
tribals in dense forests, to those
groups living in remote islands, n Domestic money transfer services including
IMPS, NEFT, RTGS and UPI
that is, to every Indian.
n Bill payment services - Bill payment of
- Narendra Modi, Prime Minister utility bills
n Insurance services for IPPB customers - Life,
Health, Vehicle Insurance and Pradhan Mantri
the doorstep of customers in a simple and secure Jeevan Jyoti Bima Yojana
manner through integrated smartphones and
biometric devices. By leveraging new technology n Linking of Post Office Savings Account to
to make banking easier for the masses, IPPB IPPB accounts
provides simple and affordable banking solutions n Conversion of digital account to regular
in 13 languages to over 5.57 lakh villages and 8 account through KYC
crore customers in India. IPPB is committed to n Online payment for Post Office Savings
promoting a less cash economy and contributing Schemes - PPF, Sukanya Samriddhi
to the vision of Digital India. India will prosper when Yojana, RD
every citizen has an equal opportunity to become n Digital Life Certificate Services - Facility to
financially secure and empowered. submit DLC for any pensioner of Central
Government, State Government or Employees
International Inbound Provident Fund Organization-EPFO
Money Transfer Facility n Aadhaar based services - Mobile number
IPPB has tied up with Ria Money Transfer in June update in Aadhaar for any citizen and
2024 to provide efficient money transfer services in child enrollment services for child of 0-5
rural India. This partnership has made international years of age
inbound money transfer services available instantly
in more than 25 thousand post offices. 155299
65 percent of India's population lives in rural Call
areas with limited financial infrastructure. These
families have to travel long distances to withdraw for opening an account in IPPB or for
currency coming from abroad, causing to lose information about services or send an
their wage, travel costs, and also face the risk email to contact@ippbonline.in.
associated with keeping cash during travel and at
home, as they have to withdraw the entire amount. Benefits of IPPB Premium Savings Account
The partnership between IPPB and Ria will provide Saving account holders can upgrade their account
banking services to people at their home. They will to a premium account. Unlimited discount on cash
be able to withdraw only the amount they need deposit or withdrawal in savings account, cashback
immediately, ensuring that they avoid the hassles of Rs 10 on use of virtual debit card, cashback up to
and risks of the past. This facility will lead to Rs 60 on payment of electricity bill and cashback
financial inclusion in the true sense and will lead to of Rs 35 on Jeevan Pramaan fee are available on
their long-term economic growth. IPPB account. n

New India Samachar September 1-15, 2024 51