Lok Sabha Question No. 2812 (UNSTARRED), answered on 2022-08-03
Subject: India Post Payment Bank
Ministry: COMMUNICATIONS
Asked by: Raja Amareshwara Naik, Rajveer (Raju Bhaiya) Singh, Sangeeta Kumari Singh Deo, Bhola Singh, Vinod Kumar Sonkar

## GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF POSTS

## LOK SABHA UNSTARRED QUESTION NO. 2812 TO BE ANSWERED ON 3 RD  AUGUST, 2022

## INDIA POST PAYMENT BANK

2812.   SHRI RAJA AMARESHWARA NAIK: SHRI RAJVEER SINGH (RAJU BHAIYA): SHRIMATI SANGEETA KUMARI SINGH DEO: SHRI BHOLA SINGH: SHRI VINOD KUMAR SONKAR:

Will the Minister of COMMUNICATIONS be pleased to state:

(a) whether the Government has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) ;

(b) if so, the details thereof ;

(c) whether the Government has opened the IPPB branches across the country including aspirational districts and if so, the details thereof, State-wise ;

(d) the details of services provided by the IPPB and the achievements made so far; and

(e) the other steps being taken by the Government for effective functioning of the IPPB?

## ANSWER

## MINISTER OF STATE FOR COMMUNICATIONS (SHRI DEVUSINH CHAUHAN)

(a) and (b) : Yes Sir, the Government has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) by Rs. 820 crore taking the total to Rs. 2255 crore against the earlier approved outlay of Rs. 1435 crore to enable the Bank to meet regulatory requirements.

(c) : Yes Sir, the details of IPPB branches across the country including aspirational districts are attached at Annexure-I.

(d) :The details of services provided by the India Post Payments Bank and the achievements made so far are attached at Annexure-II.

(e):In addition to above, in principle approval has also been given for disbursement of Rs. 500 crore to IPPB  at  an  appropriate  time  for  the  purpose  of  meeting  regulatory  requirement  and  technology upgradations.

## ANNEXURE REFERRED IN REPLY TO PART (C) OF LOK SABHA QUESTION NUMBER 2812 FOR 03/08/2022 REGARDING INDIA POST PAYMENT BANK

| State/UT Name              |   IPPB Branch (Count) | IPPB Branch (Count)in Aspirational Districts   |
|----------------------------|-----------------------|------------------------------------------------|
| ANDAMANAND NICOBAR ISLANDS |                     1 | NA                                             |
| ANDHRA PRADESH             |                    24 | 5                                              |
| ARUNACHAL PRADESH          |                    10 | 1                                              |
| ASSAM                      |                    26 | 7                                              |
| BIHAR                      |                    38 | 13                                             |
| CHANDIGARH                 |                     2 | NA                                             |
| CHHATTISGARH               |                    27 | 10                                             |
| DADRA AND NAGAR HAVELI     |                     1 | NA                                             |
| DELHI                      |                     3 | NA                                             |
| GOA                        |                     2 | NA                                             |
| GUJARAT                    |                    31 | 2                                              |
| HARYANA                    |                    20 | 1                                              |
| HIMACHAL PRADESH           |                    12 | 1                                              |
| JAMMUANDKASHMIR            |                     7 | NA                                             |
| JHARKHAND                  |                    22 | 19                                             |
| KARNATAKA                  |                    31 | 2                                              |
| KERALA                     |                    14 | 1                                              |
| LADAKH                     |                     1 | NA                                             |
| LAKSHADWEEP                |                     1 | NA                                             |
| MADHYA PRADESH             |                    42 | 8                                              |
| MAHARASHTRA                |                    40 | 6                                              |
| MANIPUR                    |                     9 | 1                                              |
| MEGHALAYA                  |                     8 | 1                                              |
| MIZORAM                    |                     6 | 1                                              |
| NAGALAND                   |                     9 | 1                                              |
| ODISHA                     |                    33 | 10                                             |
| PUDUCHERRY                 |                     2 | NA                                             |
| PUNJAB                     |                    21 | 2                                              |
| RAJASTHAN                  |                    33 | 5                                              |
| SIKKIM                     |                     1 | 1                                              |
| TAMIL NADU                 |                    35 | 2                                              |
| TELANGANA                  |                    23 | 4                                              |
| TRIPURA                    |                     5 | 1                                              |
| UTTAR PRADESH              |                    73 | 9                                              |
| UTTARAKHAND                |                    12 | 2                                              |
| WEST BENGAL                |                    25 | 5                                              |
| TOTAL                      |                   650 | 123                                            |

## ANNEXURE REFERRED IN REPLY TO PART (D) OF LOK SABHA QUESTION NUMBER 2812 FOR 03/08/2022 REGARDING INDIA POST PAYMENT BANK

## Services provided by India Post Payments Bank

-  Paperless & Instant account opening
- -Savings accounts for citizens including Aadhaar Seeding for DBT (Direct Benefit Transfer) beneficiaries
- -Current Accounts for merchants
-  Virtual Debit Card
-  Cash Deposit/ Cash Withdrawal services
-  Domestic Money Transfer services -Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS), Unified Payment Interface (UPI)
-  Bill Payment services - Bill payment of utility bills, (Direct-to-Home) DTH/Mobile recharges, EMI (Equated Monthly Instalment) payments, insurance etc.
-  Insurance services for IPPB customers - Life, Health, Vehicle insurance & Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
-  Post Office Savings Account (POSA) linkage with IPPB accounts
-  Online Payment for Post Office Savings schemes - Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSA), Recurring Deposit (RD)
-  Digital  Life  Certificate  (DLC)  services  -  Facilitate  submission  of  DLC  for  any  pensioners  of central/state/Employees Provident Fund Organisation (EPFO)
-  Aadhaar based services - Mobile Number update in Aadhaar for any citizen and Child Enrolment services for any child (0 - 5-year-old)
-  Cash Management services - Collection of dues from customers of corporates/ govt. bodies

## Achievements of India Post Payments Bank

-  5.47 Cr customers have opened accounts with IPPB
- -75% of customer are in Rural areas
- -48% of customer are women
-  More than Rs. 4000 Crore customer deposits
-  Rs. 200,000 Crore value of Financial Transactions
-  Enabling 8 Crore UPI transactions per month
-  More than 2 Crore Customers with Aadhaar seeding in IPPB a/c to receive DBT benefits
- -More than 1 Crore customers received DBT/Social Welfare benefits
- -8109 Crores Social Benefits disbursed to customers
-  3.7 Crore customers provided with Government to Citizen
- -Services like Aadhaar mobile number update, Child Aadhaar Enrolment and Jeevan Pramaan (Digital Life Certificate)
-  More than Rs. 22,844 Crores Cash distributed at doorstep to customers of other banks
-  More than 6500 Crores Digital Payments into National Savings Schemes
-  1.5 Crores Mobile Banking customers

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