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India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018

Delhi 

Post Payments (IPPB) to enable Payments in Post Offices by April 2018

Post Payments (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 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 to make interoperable payments including the benefit of NEFT, RTGS, UPI and bill payment services. Additionally, the IPPB will enable acceptance of payments across post offices in the country in line with the payments initiative of the government.

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First Published: Sat, February 10 2018. 16:20 IST