Digital payments in Post Offices will be enabled soon!

Digital payments in Post Offices will be enabled soon!

The Indian Post Payments Bank (IPPB) announced that it will enable digital payments in post offices by April 2018. Once the proposed India Post Payments Bank Expansion programme is accomplished, IPPB will be providing the largest financial inclusion network in the country. It will provide digital payment services at the doorstep with the help of Postmen and Gramin Dak Sewas (GDS). IPPB will also enable more than 17 crore active account-holders of Post Office Savings Bank to make digital payments including the benefit of NEFT, RTGS, UPI and bill payment services. It will also enable the acceptance of digital payments across post offices in the country in line with the digital payments initiative of the Union Government. For now, IPPB is offering savings account up to a balance of Rs 1 lakh, along with digitally enabled payments and remittance services of all kinds between individuals.

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