India Post Payments Bank

Explore the services of India Post Payments Bank in detail on Bajaj Finserv.
India Post Payments Bank
4 mins read
04 May 2024

About India Post Payments Bank

India Post Payments Bank (IPPB) was established on September 1, 2018, as a government-owned payment bank, driven by the Indian government's mission to provide banking services to the unbanked. Owned by the Department of Posts, it operates under the Ministry of Communications, Government of India.

India Post Payments Bank is positioned to spearhead the next era of banking, serving as a leading financial inclusion network covering both urban and rural areas. The innovative banking model is designed to empower individuals, small businesses, and merchants with full-fledged digital banking services.

Doorstep banking services

Experience seamless banking at your doorstep with India Post Payments Bank. Leveraging an extensive network of post offices and dedicated postal employees, IPPB makes banking accessible to even the remotest corners of the nation. Services include account opening, cash transactions, money transfers, and more.

Comprehensive banking solutions by IPPB

Discover a host of comprehensive banking solutions provided by India Post Payments Bank (IPPB). The diverse array of services includes:

Savings and current accounts: IPPB caters to your financial needs with a variety of savings and current account options.

Bill payments: Seamlessly manage and settle your bills through IPPB's convenient bill payment services.

Digital payments: Embrace the future of banking with IPPB's digital payment solutions, facilitating quick and secure transactions.

Direct Benefit Transfer (DBT): Experience the ease of receiving government benefits directly through IPPB's efficient DBT services.

Group term insurance: Safeguard your future with IPPB's insurance offerings, providing comprehensive coverage for you and your loved ones.

Payment services at a glance

Embark on a journey of seamless financial transactions with India Post Payments Bank (IPPB) and explore an array of convenient payment services. The offerings include:

Unified Payments Interface (UPI): IPPB facilitates hassle-free and instant fund transfers through the widely used UPI platform.

Immediate Payment Service (IMPS): Experience real-time money transfers with the speed and efficiency of IPPB's IMPS.

National Electronic Funds Transfer (NEFT): Enjoy the convenience of transferring funds across the nation securely using IPPB's NEFT services.

RuPay debit card: Enhance your payment experience with the RuPay debit card, providing you with a versatile and widely accepted payment solution.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.