Lok Sabha Question No. 1349 (UNSTARRED), answered on 2022-02-09
Subject: India Post Payments Bank in NER
Ministry: COMMUNICATIONS
Asked by: Rebati Tripura

## GOVERNMENT OF INDIA MINISTRY OF COMMUNICATIONS DEPARTMENT OF POSTS

## LOKSABHA UNSTARRED QUESTION NO.1349 TO BE ANSWERED ON 9 TH FEBRUARY, 2022

## INDIA POST PAYMENTS BANK IN NER

## 1349.   SHRI REBATI TRIPURA:

Will the Minister of COMMUNICATIONS be pleased to state:

- (a) the  status  of  present  functioning  of  India  Post  Payments  Bank  (IPPB)  under  the Department of Posts in North Eastern Region (NER) particularly in Tripura;
- (b) the details of the facilities currently being offered by the IPPB to the account holders;
- (c) whether the IPPB holder can hold a maximum balance of Rs. 1 lakh per customer and can issue ATM/ Debit Cards, if so, the details thereof; and
- (d) whether the Government has generated employment in the NER by setting up of IPPB, if so, the details thereof during the last financial year?

## ANSWER

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

(a) India  Post  Payments Bank (IPPB)  has  been  set up under Department of Posts with 100% Government  of  India  equity.  Presently,  IPPB  is  providing  its  services  through  650  branches, 1,36,197  Post  Offices  and  nearly  1.86  Lakh  Postmen  and  GraminDakSevaks.  Details  of  IPPB functioning in North Eastern Region including Tripura are attached at Annexure-I .

- (b) Details of IPPB services currently being offered are attached at Annexure-II .

(c) As per prevailing guidelines of Reserve Bank of India, the limit of maximum balance at the end of the day per individual customer of IPPB has been enhanced from ` 1 lakh to ` 2 lakh. Further, IPPB  provides  Virtual  Debit  card  to  its  customer  which  can  be  downloaded  directly  by  the customer through the Mobile Banking app of IPPB.

(d) IPPB employs a staff of 60 people at its branches / controlling offices in North East Region who coordinate with the staff of Department of Posts to provide banking and financial services at the last mile.

## ANNEXURE  REFERRED  IN  REPLY  TO  PART  (a)  OF  LOK  SABHA  UNSTARRED QUESTION NO. 1349 FOR 09/02/2022 REGARDING INDIA POST PAYMENTS BANK IN NER

Details of IPPB functioning in North East Region as on 31.01.2022 are as under:

| S.No.   | State Name        |   No. of IPPB Branches | No. of Active Access Points   | Accounts Opened   |
|---------|-------------------|------------------------|-------------------------------|-------------------|
| 1       | ARUNACHAL PRADESH |                     10 | 106                           | 58,840            |
| 2       | ASSAM             |                     26 | 3,193                         | 503,973           |
| 3       | MANIPUR           |                      9 | 365                           | 241,647           |
| 4       | MEGHALAYA         |                      8 | 236                           | 44,190            |
| 5       | MIZORAM           |                      6 | 222                           | 47,344            |
| 6       | NAGALAND          |                      9 | 131                           | 99,262            |
| 7       | SIKKIM            |                      1 | 75                            | 8,367             |
| 8       | TRIPURA           |                      5 | 439                           | 68,283            |
|         | Grand Total       |                     74 | 4,767                         | 1,071,906         |

## Annexure-II

## ANNEXURE  REFERRED  IN  REPLY  TO  PART  (b)  OF  LOK  SABHA  UNSTARRED QUESTION NO. 1349 FOR 09/02/2022 REGARDING INDIA POST PAYMENTS BANK IN NER

Current products and services offered by India Post Payments Bank (IPPB) are as under:

-  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 &PradhanMantriJeevanJyotiBimaYojana (PMJJBY)
-  Post Office Savings Account (POSA) linkage with IPPB accounts
-  Online  Payment  for  Post  Office  Savings  schemes  -  Public  Provident  Fund  (PPF), SukanyaSamriddhiYojana (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/ government bodies

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