India Post Payments Bank (IPPB)

iAbout This Scheme

India Post Payments Bank, launched in September 2018 with 100% government ownership, offers savings accounts, current accounts, money remittance, and payment services leveraging India Post's network of 1.55 lakh post offices and 3 lakh postmen/Grameen Dak Sewaks. It serves as a last-mile banking conduit, particularly for DBT and rural customers.

🎁Key Benefits

• Zero-balance savings account with doorstep banking via postman
• Money transfer and remittances nationally
• DBT receipt for government scheme beneficiaries
• Bill payments, insurance premium payments
• QR-code based cashless payments
• Aadhaar-enabled payment system (AePS) for withdrawals

✅Eligibility Criteria

• 1
  Any Indian resident
• 2
  Minor accounts allowed with guardian

📝How to Apply

❓Frequently Asked Questions