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India Post payment bank

31 Jan 2022

India Post Payments Bank slashes savings account interest rate by 25 bps

According to the current statement on the IPPB website, starting February 1, 2022, the rate for balances up to Rs 1 lakh will be 2.25 percent. Customers will receive quarterly interest calculated on their daily EOD balance.

Post Office PPF

06 Jan 2022

Post Office PPF, Sukanya Samriddhi investor? Check how to deposit money online

If you transfer funds to an IPPB account, you can directly pay the premiums for any of the nine schemes offered by the Post Office. Some of the most popular schemes offered by the Post Office are Recurring Deposit, PPF, and Sukanya Samriddhi Scheme. Investors can also get income tax benefits under Section 80 C of the Income Tax Act.

03 Dec 2021

India Post Payments Bank revises cash withdrawal, deposit charges

The new charges will be applicable from January 1, 2022. IBBP said that the above-mentioned charges are exclusive of goods and service tax (GST) or applicable CESS. ICICI Bank also announced that it is going to revise the Service charge on the ICICI Bank Savings Accounts.

11 Aug 2021

Soon, you will be able to change mobile number in Aadhar at doorstep

Customers will be able to avail the service from the 650 branches of India Post Payments Bank across the country. IPPB has deployed over 2 lakh Postman and Gramin Dak Sevak to provide several services services at home. IPPB is planning to roll out the service soon.

14 Jul 2021

IPPB to revise banking fees for select services from August 1

IPPB was providing doorstep delivery service to its customers for free of cost till now. Customers will have to pay Rs 20 plus GST charge from August 1 to use doorstep banking services. Customers will have to pay 20 plus GST for remittances, DoP products, and mobile payments (excluding prepaid), among other services.

19 Jun 2020

Odisha woman dragged on cot gets help from IPPB, can withdraw money from home

A few days after news of an old lady in Odisha being dragged to the bank in a cot by her daughter went viral, Union Minister Ravi Shankar Prasad decided to lend help to the family.

India Post Payments Bank

01 Sep 2018

PM Modi launches India Post Payments Bank, hails postmen for connecting India

IPPB will leverage the vast network of the Department of Posts to help augment the reach of banking sector in the country.

31 Aug 2018

PM Modi to launch India Post Payments Bank on Saturday

IPPB will leverage the vast network of the Department of Posts to help augment the reach of banking sector in the country.

India Post Payments Bank

22 Aug 2018

India Post Payments Bank launching on September 1: Five things to know

IPPB will have at least one branch in every district and focus on financial services in rural areas.

Digital payment

10 Feb 2018

India Post Payments Bank to enable digital payment by April

With the nationwide rollout of the India Post Payments Bank (IPPB) Expansion Programme scheduled to begin in April this year, digital payments in post offices are expected to be enabled around the same time.

India Post Payments Bank

23 Oct 2017

India Post Payments Bank hires ex-Vodafone top exec as MD, CEO

The IPPB had targeted to set-up 650 branches across country by September this year but it now aims to complete the roll out of these branches by early next year.

India Post Payments Bank

14 Sep 2017

All 1.55 lakh post offices to offer payments bank service

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses.

India Post Payments Bank

23 Apr 2017

Post Bank to start selling MF, insurance products by March 2018

India Post Payments Bank (IPPB) will start selling mutual funds and insurance products of other companies by early 2018 and is open only to "non- exclusive" tie-ups, its Chief Executive A P Singh has said.

10 Feb 2017

This is how India Post Payments Banks will bring banking to your door step

India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in Raipur and Ranchi on February 1.

30 Jan 2017

India Post Payments Bank starts pilot services

India Post Payments Bank (IPPB) on Monday kicked off its operations by rolling out pilot services in Raipur and Ranchi.

India Post Payments Bank

03 Oct 2016

India Post Payments Bank begins recruitment for CEO, key posts

India Post Payments Bank, which plans to commence operations next year, has started the process of recruitment for key positions such as Chief Executive Officer, Managing Director and Chief Technology Officer.

India Post Payments Bank

11 Jun 2016

Postal payments bank coming in major districts: Ravi Shankar Prasad

Government is firming up plans to set up 650 branches of India Post Payments Bank at all major district headquarters by September 2017, Telecom and IT Minister Ravi Shankar Prasad today said in a letter to all postal employees.

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