India Post Payments Bank (IPPB) has recently achieved several significant milestones: Customer Base Expansion: As of September 2024, IPPB has acquired over 9.88 crore customer accounts, reflecting its growing reach and adoption. Direct Benefit Transfers (DBT): In the past seven years, IPPB has successfully disbursed over ₹45,000 crore in DBT to beneficiaries under various government schemes, underscoring its role in financial inclusion. Infrastructure Expansion: In July 2024, Finance Minister Nirmala Sitharaman announced plans to establish more than 100 IPPB branches in the North-Eastern states, aiming to enhance banking services in the region. 7th Foundation Day: On September 1, 2024, IPPB celebrated its 7th Foundation Day, highlighting its commitment to providing accessible and affordable digital banking services to underserved and unbanked communities across India.
Finance

India post payment bank

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