India Post Payments Bank achieves milestone of reaching eight crore customers

India Post Payments Bank achieves milestone of reaching eight crore customers

India Post Payments Bank (IPPB) proudly announces the achievement of a significant milestone. The number of customers benefiting from its innovative and inclusive financial services has now reached eight crore. IPPB since its inception has been dedicated to providing accessible and affordable banking services to every part of the country. This remarkable achievement of reaching eight crore customers reflects the confidence placed in IPPB by the people of India. The establishment of India Post Payments Bank was a strategic step to address the lack of financial services, empower the underserved population and promote financial inclusion through a combination of traditional and digital banking services.

IPPB has played an important role in empowering people from different sections of the population with its commitment to financial inclusion. These also include people living in remote and deprived areas. The Bank has facilitated easy transactions by focusing on digital banking services, which has led to widespread access to banking services.

Speaking on the occasion, Mr. Easwaran Venkateshwaran, MD, CEO (Interim) and COO, IPPB, said, “We are pleased to announce that India Post Payments Bank has reached 8 crore customers. This achievement is a testament to our mission to provide banking services to every Indian, irrespective of their region or socio-economic status.” He further said that IPPB's customer-centric approach along with its wide network of post offices has contributed significantly in achieving this feat. The Bank is committed to furthering financial inclusion, introducing innovative products and enhancing customer experience in the coming years.

Mr. Venkateshwaran said, “As we celebrate this achievement, we express our gratitude to our customers, stakeholders and the dedicated team of IPPB and Department of Posts for their unwavering support. The journey towards a financially inclusive India continues and IPPB continues to be at the forefront of driving change for the better through accessible banking services.”

Pavita Jones