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Abstract

Every customer is important, every transaction is significant and every deposit is valuable, no matter the value” with this motto the India Post Payment Bank. The Post has started the payment with an objective of achieving financial inclusion in India. The payment bank offers three important features to its customers which are developing the habit of small investments among customers, assisting customer in wealth maximisation and protection of life through insurance against unforeseen incidents. The bank uses the tag line Aapka Bank, Aapke Dwaar India Post Payment Bank (IPPB)  will be using the vast postal network of nearly 1.55 lakh post offices and 3.0 lakh postal employees in every district, town and village of the country. IPPB Started functioning as a pilot project on 30th January 2017 in Ranchi (Jharkhand) and Raipur (Chhattisgarh).

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