India Post Payments Bank (IPPB) Expansion Programme is making good progress and a nation-wide roll-out is scheduled beginning April 2018.
Government is hoping and believes that 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 an ability to provide digital payment services at the doorstep with the help of Postmen and GraminDakSewaks (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.
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