India Post Payments Bank
(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 digital payment services at the doorstep with the help of
Postmen and Gramin Dak Sewaks (GDS).
IPPB will also enable
more than 17 crore active account-holders of Post Office Savings Bank to make
interoperable digital payments including the benefit of NEFT, RTGS, UPI and
bill payment services.
Additionally, the IPPB
will enable acceptance of digital payments across post offices in the country
in line with the digital payments initiative of the government.
Source: Press Information
Bureau
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