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India Post Payments Bank units launched in several districts

By STAFF CORRESPONDENT
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DIBRUGARH, Sept 1 - Along with the launch of India Post Payments Bank (IPPB) by Prime Minister Narendra Modi at Talkotara Stadium in New Delhi, the same was simultaneously launched at the Head Post Office here today.

The launching was attended by Deputy Commissioner Laya Madduri, local MLA Prasanta Phukan and several other dignitaries, besides staff of the Postal Department. Display of video message and live telecast of the national-level launch event from New Delhi was incorporated in today�s agenda for the convenience of the audience.

The IPPB is said to be India�s largest payments bank which is seeking to link 1.55 lakh post offices countrywide. A large work force of over 3,00,000 Postmen and Gramin Dak Sevaks (GDS) will be offering doorstep banking in rural, urban and remote areas under the IPPB system. IPPB will make banking and payments simple.

Using Aadhar, it will open paperless accounts in minutes and allow customers to make digital transactions with the help of QR Cards and biometric authentication, said DK Chutia, Assistant Superintendent, Posts, Regional Office, Dibrugarh in his welcome address.

The branches linked with IPPB under the Dibrugarh Postal Division are Dibrugarh, North Lakhimpur and Dhemaji. The access points include Dibrugarh, Duliajan, Kathalguri, Lilapur and Tingrai Chariali under Dibrugarh branch, Khelmati, Angarkhowa, Hatilung and Khonajan under North Lakhimpur and Aradhal, Bishnupur, Gohaingaon and Guttung under Dhemaji branch.

IN DHUBRI: Along with other parts of the nation, the India Post Payments Bank (IPPB) was launched in Dhubri district today at a public function held at the District Library auditorium, our Correspondent adds.

In the first phase, the district will have four access points at Dhubri Head Post Office, Dhubri Bazar Post Office, Tistarpar Post Office and Dharmashala Post Office and Postmen under these post offices will provide doorstep banking services to rural and urban customers.

Products and services such as deposits in savings and current accounts, money transfer etc will be provided at the doorstep, said Grinanda Deka, Assistant Superintendent of Post Office in the presence of ADC Sorman Ali, Senior Advocate Giasuddin Ahmed and host of other dignitaries.

It was also informed that currently the payments banks will function in four access points of the district to a limited village near the access points, which will later spread to other parts of the district too.

Meanwhile, this bank is expected to eradicate the problem of shortage of banks in the district, particularly in the rural areas.

IN NORTH LAKHIMPUR: The India Post Payments Bank, considered by economists as the �Mother of all Banks� in India, was inaugurated by Additional Deputy Commissioner Dr Ashraful Amin at the Head Post Office here today, our Correspondent adds.

The inaugural function was attended by Superintendent of Posts, Dibrugarh Division DS Kanwar, Assistant Superintendent of Posts, North Lakhimpur East Sub Division Chandra Sekhar Hazarika and Branch Manager of IPPB North Lakhimpur, Samiran Mazumder.

In his inaugural address, ADC Amin explained about the new revolutionary banking system aimed at providing easy and seamless services at the doorstep of the customers in IPP banking. The other officials of the Department of Posts also explained the various services included in this banking service.

Termed as the banking behemoth, the IPP Bank will use its vast postal network to offer financial services to people across the country, including rural areas. IPPB is a public sector company under the Department of Posts and the Ministry of Communication with 100% equity of the Government of India, and governed by the Reserve Bank of India.

IPPB will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments etc. IPPB also has permission to link around 17 crore postal savings bank (PSB) accounts with its account. It has received approval for carrying out RTGS, NEFT, IMPS transaction that will enable IPPB customers to transfer and receive money from any bank account. A mobile app to facilitate online banking service as well as payment for various utilities and services like phone bill, DTH, gas connection, electricity, etc were also to be launched soon in IPPB, said officials at the meeting.

Billers of 100-plus numbers will be included in this banking service which IPPB customers will be able to pay from their account and all the billers that accept payment through Bharat Bill Payments system will be available for IPPB customers.

Since an IPPB account can hold upto Rs 1 lakh deposit, so once PSB account is linked to them, customers will be able to transfer money from PSB to IPPB and vice-versa. Money beyond Rs 1 lakh can be kept in PSB. Customers can also access their IPPB account through mobile app, but it will have limited services. Once a customer completes KYC requirement, the app will start offering all the banking services, the officials said.

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India Post Payments Bank units launched in several districts

DIBRUGARH, Sept 1 - Along with the launch of India Post Payments Bank (IPPB) by Prime Minister Narendra Modi at Talkotara Stadium in New Delhi, the same was simultaneously launched at the Head Post Office here today.

The launching was attended by Deputy Commissioner Laya Madduri, local MLA Prasanta Phukan and several other dignitaries, besides staff of the Postal Department. Display of video message and live telecast of the national-level launch event from New Delhi was incorporated in today�s agenda for the convenience of the audience.

The IPPB is said to be India�s largest payments bank which is seeking to link 1.55 lakh post offices countrywide. A large work force of over 3,00,000 Postmen and Gramin Dak Sevaks (GDS) will be offering doorstep banking in rural, urban and remote areas under the IPPB system. IPPB will make banking and payments simple.

Using Aadhar, it will open paperless accounts in minutes and allow customers to make digital transactions with the help of QR Cards and biometric authentication, said DK Chutia, Assistant Superintendent, Posts, Regional Office, Dibrugarh in his welcome address.

The branches linked with IPPB under the Dibrugarh Postal Division are Dibrugarh, North Lakhimpur and Dhemaji. The access points include Dibrugarh, Duliajan, Kathalguri, Lilapur and Tingrai Chariali under Dibrugarh branch, Khelmati, Angarkhowa, Hatilung and Khonajan under North Lakhimpur and Aradhal, Bishnupur, Gohaingaon and Guttung under Dhemaji branch.

IN DHUBRI: Along with other parts of the nation, the India Post Payments Bank (IPPB) was launched in Dhubri district today at a public function held at the District Library auditorium, our Correspondent adds.

In the first phase, the district will have four access points at Dhubri Head Post Office, Dhubri Bazar Post Office, Tistarpar Post Office and Dharmashala Post Office and Postmen under these post offices will provide doorstep banking services to rural and urban customers.

Products and services such as deposits in savings and current accounts, money transfer etc will be provided at the doorstep, said Grinanda Deka, Assistant Superintendent of Post Office in the presence of ADC Sorman Ali, Senior Advocate Giasuddin Ahmed and host of other dignitaries.

It was also informed that currently the payments banks will function in four access points of the district to a limited village near the access points, which will later spread to other parts of the district too.

Meanwhile, this bank is expected to eradicate the problem of shortage of banks in the district, particularly in the rural areas.

IN NORTH LAKHIMPUR: The India Post Payments Bank, considered by economists as the �Mother of all Banks� in India, was inaugurated by Additional Deputy Commissioner Dr Ashraful Amin at the Head Post Office here today, our Correspondent adds.

The inaugural function was attended by Superintendent of Posts, Dibrugarh Division DS Kanwar, Assistant Superintendent of Posts, North Lakhimpur East Sub Division Chandra Sekhar Hazarika and Branch Manager of IPPB North Lakhimpur, Samiran Mazumder.

In his inaugural address, ADC Amin explained about the new revolutionary banking system aimed at providing easy and seamless services at the doorstep of the customers in IPP banking. The other officials of the Department of Posts also explained the various services included in this banking service.

Termed as the banking behemoth, the IPP Bank will use its vast postal network to offer financial services to people across the country, including rural areas. IPPB is a public sector company under the Department of Posts and the Ministry of Communication with 100% equity of the Government of India, and governed by the Reserve Bank of India.

IPPB will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments etc. IPPB also has permission to link around 17 crore postal savings bank (PSB) accounts with its account. It has received approval for carrying out RTGS, NEFT, IMPS transaction that will enable IPPB customers to transfer and receive money from any bank account. A mobile app to facilitate online banking service as well as payment for various utilities and services like phone bill, DTH, gas connection, electricity, etc were also to be launched soon in IPPB, said officials at the meeting.

Billers of 100-plus numbers will be included in this banking service which IPPB customers will be able to pay from their account and all the billers that accept payment through Bharat Bill Payments system will be available for IPPB customers.

Since an IPPB account can hold upto Rs 1 lakh deposit, so once PSB account is linked to them, customers will be able to transfer money from PSB to IPPB and vice-versa. Money beyond Rs 1 lakh can be kept in PSB. Customers can also access their IPPB account through mobile app, but it will have limited services. Once a customer completes KYC requirement, the app will start offering all the banking services, the officials said.

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