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IPPB
India Post Payments Bank

IPPB

  India Post Pa​y​ments Bank​
   Aapka bank, aapke dwaar ​​​

At India Post Payments Bank, we believe that a nation can only grow when every citizen gets an opportunity to prosper, regardless of their way of life. With simple, diverse and growth oriented offerings, IPPB aims to give every Indian access to efficient banking services.

Incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year.

For now, IPPB is offering Savings account upto a balance of Rs 1 Lakh, along with digitally enabled payments and remittance services of all kinds between individuals. In due course, IPPB will also provide current accounts and access to third party financial services like insurance, mutual funds, pension, credit products, forex, and more.

IPPB’s PHILOSOPHY:

Here are the 3 features central to IPPB’s operating philoso​phy:

Convenience at your fingertips: We promise to make banking a simple, affordable and convenient experience for Indians across the nation. That’s why we make sure that citizens across the nation get seamless access to government benefits directly from their respective IPPB bank accounts and make the most of the financial opportunities available to them.

Pioneer in inclusive bankingAt IPPB, we encourage smart saving and investment habits with our easily accessible banking services. Our vision is to extend banking facilities to the remotest corner of the nation. Our services transcend geographical borders. That’s how we aim to simplify banking and bring prosperity to every doorstep.

Efficiency of banking networkIPPB provides the most effective, accessible and readily available banking network across the nation. IPPB will soon offer banking services through digital channels like mobile, UPI, debit cards which can be used at ATMs, PoS and mobile-PoS. This facilitates all-round connectivity with your bank and helps you access your account details instantly.


​At India Post Payments Bank, we believe that a nation can grow only when its people prosper together. With financial inclusion, trustworthy banking advice and reliable services at the heart of our philosophy, we envision a future full of promises and possibilities. Even a little saving can go a long way if channelized correctly. That’s why, at IPPB, we aim to ensure equal financial access to every Indian, regardless of who they are and where they live. Here is a glimpse of what IPPB offers.

Banking Services for Everybody​​
Domestic Remittance Services​​
Direct benefit Transfer​​
Doorstep Banking​​

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Banking Services for Everybody:

IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.

Regular Account – Safal
Basic Savings Bank Deposit Account (BSBDA) - Sugam
BSBDA Small - Saral

While the Safal Account is packed with features, the Saral ccount is aimed at people with limited banking experience. ​

Click for more details

The following services are availables across the different accounts.

Domestic Remittance Services:

IPPB will provide an inexpensive and secure medium to transfer funds via its domestic remittance offering. All customers of IPPB would be eligible to avail a host of different modes of domestic remittance subject to the stipulated constraints – NEFT, IMPS, AEPS, UPI and *99#

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Direct Benefit Transfer (DBT):

DBT program aims to transfer subsidies directly to the people through their bank accounts, which will in turn reduce leakages, delays and other similar challenges.

Funds from the disbursing agency are automatically credited into the beneficiary accounts through NACH/APBS instead of cash disbursal. IPPB will provide cash out of the subsidies at the customer's doorstep by combining this service with Doorstep Banking.

Doorstep Banking:

We look forward to extending our relationship with banking at your doorstep. Doorstep banking allows a customer for a nominal fee to request and avail banking and related services at their door. The services currently offered are as follows:

  • Cash deposit
  • Cash withdrawal
  • Balance enquiry
  • Aadhaar to Aadhaar funds transfer
  • With “Aapka bank, aapke dwaar”, what you see is what you get.

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    • Shortlist of interviewees for various roles in IPPB has been released.​
      CLICK HERE FOR​ DETAILS

    • ​​IPPB is looking for enthusiastic and committed banking and payments technology professionals with a passion for public service to join what will be the most accessible bank in the world and spearhead its financial inclusion goals
    • Recruitment for IPPB started, about 3500 personnel will be recruited across the country in the next few months
    • Recruitment for IPPB started, about 3500 personnel will be recruited across the country in the next few months
    • Almost 5000 entries received from citizens for the logo and tagline contest as IPPB becomes India's first ever financial institution to crowd-source its brand identity
    • IPPB incorporated as a public limited company under the Department of Posts, Govt. of India on 17th August, 2016​​​
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    Work with India’s largest banking network and make a real difference. Explore the different ways you can become a banker to the nation.

    FAQs on the Recruitment Process:

    SCALE I:

    The application window for Scale I posts is currently closed. Please keep visiting this webpage for updates on recruitment process.

    DOWNLOAD DETAILS- Note: Application window closed

    ​SCALE II, III:

    The application window for Scale II and III posts is currently closed. Please keep visiting this webpage for updates on recruitment process.

    DOWNLOAD DETAILS- Note: Application window closed
    POSTS FOR WHICH EXAMINATION WAS HELD ON DECEMBER 17th, 2016

     

    ​ ​ SCALE IV – VI:

    The application window for Scale IV-VI posts is currently closed. Please keep visiting this webpage for updates on recruitment process.

    DOWNLOAD DETAILS- Note: Application window closed
    POSTS FOR WHICH EXAMINATION WAS HELD ON DECEMBER 17th, 2016

     

    SCALE VII:

    Results for Scale VII Interviews

    DOWNLOAD DETAILS

     

    Contract Posts:

    ​Results for Contract Position Interviews

    DOWNLOAD DETAILS

     

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