Lok Sabha Question No. 2761 (UNSTARRED), answered on 2018-12-28
Subject: Payment Banks
Ministry: FINANCE
Asked by: JAYSHREEBEN  PATEL

## GOVERNMENT  OF INDIA MINISTRY  OF FINANCE DEPARTMENT  OF FINANCIAL  SERVICES

## LOK SABHA

## UNSTARRED QUESTION NO. †2761

## TO BE ANSWERED ON THE 28 TH  DECEMBER 2018/ PAUSHA  7, 1940  (SAKA) Payment Banks

## †2761.   SHRIMATI JAYSHREEBEN  PATEL:

Will  the Minister  of FINANCE  be pleased to state:

- (a) the details  of the policy  of India Post Payment  Banks;
- (b) the details  of the entities/  companies  which  have been provided  license  for opening of payment  banks;
- (c) the number  of payment  banks  set up, State/UT-wise;  and
- (d) the number  of accounts  opened during  the last three  years,  State/UT-wise  along  with the details  of the transaction  undertaken  through  these accounts?

## ANSWER Minister of State in the Ministry  of Finance

## (SHRI SHIV PRATAP  SHUKLA)

- (a):  With   regard   to  the  details   of  the  policy   of  India  Post  Payment   Bank  (IPPB), Department  of Posts (DoP) has informed  that  IPPB has been launched  with  a vision  to build  the most accessible, affordable  and trusted  bank  for the common  man and with  the intention   of  spearheading   the  financial   inclusion agenda  by   removing   barriers   for  the unbanked  and under-banked  population.  IPPB leverages  the vast network  of DoP, which covers every  corner  of the country,  to offer doorstep  banking  in rural,  urban and remote areas, thus enabling  IPPB to take  banking  to the last mile.  IPPB is offering  a bouquet  of product   and  services,   such  as  savings  and  current   accounts,   remittances   and  money transfer,   direct   benefit   transfer,   bill   and  utility payments,   and  enterprise   and  merchant payments.   These  products   and  services  are  being   offered  across  multiple   channels,   like counter   services,   micro-ATM,   doorstep   banking,   mobile   banking   app,  short   message service  (SMS), etc.,  using  cutting-edge  technology.

In respect of IPPB, as per DoP inputs,  since the launch  of IPPB's operations  on 30.1.2017, the  State-/Union-territory-wise number   of  accounts   opened till   24.12.2018   are  placed   at Annexure-2,  and the total  number  of transactions  till  20.12.2018  was 9,75,806.

- (b)  to  (d):  State-/Union-territory-wise details   of  entities/   companies   that   have  been provided   licence   for  opening   of  payments   banks,   as  reported   by   Reserve   Bank of  India (RBI) are at Annexure-1.  As regards  the number  of accounts  opened during  the last three years  and the details  of transaction  undertaken  through  these accounts,  RBI has apprised that  these are not available  with  it.

## Lok Sabha Unstarred  Question  No. 2761,  for  28.12.2018, regarding  'Payment Banks'

State-/Union-territory-wise  details of entities/ companies provided  licence for opening of payments banks as on June 2018

| S. No.   | Bank                              | Numberofbranches   | State / Unionterritory   |
|----------|-----------------------------------|--------------------|--------------------------|
| 1.       | AirtelPaymentBank Ltd.            | 1                  | Haryana                  |
| 2.       | PaytmPaymentBank Ltd              | 1                  | Maharashtra              |
|          |                                   | 4                  | Uttar Pradesh            |
| 3.       | India Post PaymentsBank Ltd       | 1                  | Chhattisgarh             |
|          |                                   | 1                  | Jharkhand                |
| 4.       | JioPaymentsBank Ltd               | 2                  | Maharashtra              |
| 5.       | FINO Payments Bank Ltd            | 1                  | Andhra Pradesh           |
|          |                                   | 30                 | Bihar                    |
|          |                                   | 9                  | Gujarat                  |
|          |                                   | 4                  | Haryana                  |
|          |                                   | 1                  | HimachalPradesh          |
|          |                                   | 1                  | Karnataka                |
|          |                                   | 56                 | Maharashtra              |
|          |                                   | 10                 | NewDelhi                 |
|          |                                   | 4                  | Punjab                   |
|          |                                   | 2                  | Rajasthan                |
|          |                                   | 5                  | Telangana                |
|          |                                   | 3                  | Uttar Pradesh            |
| 6.       | AdityaBirla Idea PaymentsBank Ltd | 1                  | MadhyaPradesh            |
|          |                                   | 1                  | Maharashtra              |
|          |                                   | 1                  | Tamil Nadu               |
|          |                                   | 1                  | Telangana                |
|          |                                   | 2                  | Uttar Pradesh            |
| 7.       | NSDL Payments Bank Ltd            | -                  | -                        |

Note:   NSDL Payment   Bank Limited   was licensed   on  30.3.2017 and  date  of  commencement   on 29.10.2018. Therefore, as of June 2018, there  was no  branch  of NSDL Payment Bank Limited.

Source:  Reserve  Bank of  India

## Lok Sabha Unstarred  Question  No. 2761,  for  28.12.2018, regarding  'Payment Banks' Number of accounts opened

| State/ Unionterritory     | FY 2016-17   | FY 2017-18   | FY 2018-19 (as on 24.12.2018)   |
|---------------------------|--------------|--------------|---------------------------------|
| Andaman andNicobarIslands |              |              | 291                             |
| Andhra Pradesh            |              |              | 81,526                          |
| ArunachalPradesh          |              |              | 1,000                           |
| Assam                     |              |              | 12,231                          |
| Bihar                     |              |              | 4,23,991                        |
| Chandigarh                |              |              | 1,803                           |
| Chhattisgarh              | 967          | 3,874        | 18,804                          |
| Dadraand NagarHaveli      |              |              | 488                             |
| Delhi                     |              |              | 81,716                          |
| Goa                       |              |              | 5,650                           |
| Gujarat                   |              |              | 76,954                          |
| Haryana                   |              |              | 35,533                          |
| HimachalPradesh           |              |              | 15,144                          |
| JammuandKashmir           |              |              | 8,444                           |
| Jharkhand                 | 687          | 3,861        | 66,762                          |
| Karnataka                 |              |              | 97,498                          |
| Kerala                    |              |              | 31,702                          |
| Lakshadweep               |              |              | 73                              |
| MadhyaPradesh             |              |              | 1,25,093                        |
| Maharashtra               |              |              | 1,28,470                        |
| Manipur                   |              |              | 9,274                           |
| Meghalaya                 |              |              | 572                             |
| Mizoram                   |              |              | 3,618                           |
| Nagaland                  |              |              | 1,216                           |
| Odisha                    |              |              | 3,24,325                        |
| Puducherry                |              |              | 5,127                           |
| Punjab                    |              |              | 31,139                          |
| Rajasthan                 |              |              | 91,490                          |
| Sikkim                    |              |              | 1,566                           |
| Tamil Nadu                |              |              | 98,225                          |
| Telangana                 |              |              | 2,09,994                        |
| Tripura                   |              |              | 4,396                           |
| Uttar Pradesh             |              |              | 1,44,383                        |
| Uttarakhand               |              |              | 14,103                          |
| WestBengal                |              |              | 65,744                          |
| Total                     | 1,654        | 7,735        | 18,96,410                       |

Source:  Department  of Posts