11th to 21st January 2024 - India Post Payments Bank Celebrates Milestone Achievement of Eight Crore Customers! Flashcards
When was the India Post Payments Bank (IPPB) launched?
September 1, 2018
What is the ownership structure of IPPB?
IPPB is established under the Department of Posts, Ministry of Communication, and is 100% owned by the Government of India.
What are the key technology pillars that enable IPPB’s unique banking model?
IPPB’s model is built on the India Stack, which allows for Paperless, Cashless, and Presence-less banking transactions.
How does IPPB make banking accessible to its customers?
It uses a CBS-integrated smartphone and biometric device to provide banking services at the customers’ doorstep. This eliminates the need for customers to visit a physical branch.
What is the motto of India Post Payments Bank?
Every customer is important, every transaction is significant, and every deposit is valuable.
