You are here: Home » PTI Stories » National » News
Business Standard

All post office branches to be linked with IPPB in 5 months: Sinha

Press Trust of India  |  New Delhi 

The will link all post office branches with the (IPPB) in the next 5 months to provide full services across the country, said today.

"There are two operational and soon we will start another 648 of its branches at all district centres. All 650 post will be connected to rural post offices. With this, in coming five months there will be 1.5 lakh more new banks. We will facilitate functions similar to those done by big banks," Sinha said while launching an app for of the postal department.

He said this will create huge network for rural areas.

Sinha said IPPB branches will start functioning after vendor completes the work of operating the network.

The launched the which will enable people in rural areas to pay for and get the receipt instantly.

"Premium of is less than that of LIC and we pay more bonus. We have opened for professionals also. In last four months, the revenue of with new customers has increased by Rs 6 crore. With DARPAN-PLI app, people can pay premium through it and their account will be immediately updated," Sinha said.

The app will be downloaded by post masters on their which is being provided to over 1.29 lakh rural post offices with a total outlay of Rs 1,300 crore.

The DoP has provided to 61,941 branch offices and it will be provided in rest of the rural post offices by December.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 21:20 IST