India Post Payments Bank (IPPB) was setup under the Department of Post, Ministry of Communication with 100% equity owned by Government of India. IPPB has expanded its strength across India covering post offices, through a network of 650 IPPB branches/controlling offices, working on a hub and spoke model.
India Post Payments Bank is gearing up to lead the next revolution of banking as one of the largest financial inclusion networks in India, covering both urban and rural areas. Their new model of banking aims to enable individuals, small businesses, merchants, and others to utilise full-fledged digital banking services. IPPB is paving the way for India’s largest banking network to reach every corner of the nation.