IPPB - Schedule of Charges
Showing posts with label IPPB. Show all posts
Showing posts with label IPPB. Show all posts
Wednesday, 26 April 2017
Wednesday, 22 February 2017
India Post Payments Bank - Aapka bank, aapke dwaar
India Post Payments Bank
Aapka bank, aapke dwaar
At India Post Payments Bank, we believe that a nation can only grow when every citizen gets an opportunity to prosper, regardless of their way of life. With simple, diverse and growth oriented offerings, IPPB aims to give every Indian access to efficient banking services.
Incorporated as a Public Sector Bank under the Department of Posts with 100% GOI equity, IPPB has launched on January 30th, 2017 in Ranchi and Raipur with the objective of being present in all corners of India by the end of the year.
For now, IPPB is offering Savings account upto a balance of Rs 1 Lakh, along with digitally enabled payments and remittance services of all kinds between individuals. In due course, IPPB will also provide current accounts and access to third party financial services like insurance, mutual funds, pension, credit products, forex, and more.
IPPB’s PHILOSOPHY:
Here are the 3 features central to IPPB’s operating philosophy:
Convenience at your fingertips: We promise to make banking a simple, affordable and convenient experience for Indians across the nation. That’s why we make sure that citizens across the nation get seamless access to government benefits directly from their respective IPPB bank accounts and make the most of the financial opportunities available to them.
Pioneer in inclusive banking: At IPPB, we encourage smart saving and investment habits with our easily accessible banking services. Our vision is to extend banking facilities to the remotest corner of the nation. Our services transcend geographical borders. That’s how we aim to simplify banking and bring prosperity to every doorstep.
Efficiency of banking network: IPPB provides the most effective, accessible and readily available banking network across the nation. IPPB will soon offer banking services through digital channels like mobile, UPI, debit cards which can be used at ATMs, PoS and mobile-PoS. This facilitates all-round connectivity with your bank and helps you access your account details instantly.
Tuesday, 14 February 2017
Appointment of interim MD & CEO of the India Post Payments Bank
Appointment of interim MD & CEO of the India Post Payments Bank
Saturday, 31 December 2016
Saturday, 10 September 2016
Vote for Your Favourite Tagline for India Post Payments Bank (IPPB)
Vote for Your Favourite Tagline for India Post Payments Bank (IPPB)
CLICK HERE to vote
- The Bank For Every Indian
- Desh Ka Bank
- Jan Jan Sashakt
- Suvidhayein Nayi Bharosa Wahi
- Suvidha, Suraksha, Samriddhi
- Har Kadam Aapke Saath
- Khatt Se Khaate Tak
- Aapka Bank Aapke Dwar
- Apno Ka Surakshit Kal
- Har Ghar Ka Bank
- Vada Aapki Khushiyo Ka
- Jann Jann Ka Bank
- Aapke Pragati ke Saathi
- Kadam kadam Pe Hum
- Unniti Aapki, Saath Humara
- Ab Pahunchegi Samriddhi Ghar Ghar
- Nata Vishwas Ka
- Vishwas Se Vikas
- Aapka Bank Aap Tak
- Aapka Bank Aapke Ghar
Vote for India Post Payments Bank (IPPB) Logo
Vote for India Post Payments Bank (IPPB) Logo
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Wednesday, 24 August 2016
Monday, 22 August 2016
50 companies keen on associating with Postal Bank: Prasad
SURAT (22.08.2016) : Around 50 companies including global banking institutions, like the World Bank, Deutsche Bank and Barclays, have expressed eagerness to be associated with the Centre's postal payments bank initiative, Union Minister Ravi Shankar Prasad said today.
"We will begin postal payments banking service from September 16, wherein 1.3 lakh postmen will be given hand-held devices, a moving ATM to provide banking services, insurance, money-order, as well as third-party service," Information Technology Minister said after inaugurating an incubation centre at the Software Technology Parks of India (STPI) here.
"Some 50 companies, including World Bank, Deutsche Bank, Swiss Bank, Barclays, want to be associated with us," said the senior BJP leader.
The Union Cabinet in June had cleared the proposal for postal payments banks with a corpus of Rs 800 crore. The proposal is to set up 650 branches of postal payments banks. Prasad said his ministry is taking up several initiatives to use IT and related services to improve the services, and asked IT experts to use government services through the STPI to innovate in this direction.
"We will also begin virtual classroom facility so that we can use technology to offer better education through virtual classrooms. As a pilot project, 3,500 government schools will be given the facility, of which 770 schools are from Gujarat," Prasad added. The minister also spoke about the government initiative to set up BPOs in smaller centres in the country.
"We have started BPO scheme to encourage small centres for call centres, BPOs. We started 48,000 call centres/BPOs and will provide subsidy of Rs 1 lakh for call centres in smaller centres. We are creating a platform across the country for that," Prasad said. "IT applications will be used for pensioners, distributing scholarships. We want to make India the IT power hub of the world," said the minister.
Prasad later visited Bardoli from where freedom fighter Sardar Patel had started his historic 'Satyagrah' against the British rule.
Source : http://www.newindianexpress.com
Amul MD, RS Sodhi appointed on board of India Post Payment Banks
Amul MD, RS Sodhi appointed on board of India Post Payment Banks
NEW DELHI: Amul Managing Director RS Sodhi has been appointed as independent director on the board of India Post Payment Banks (IPPB) - the payments bank arm of postal department.
" GCMMF Managing Director RS Sodhi has been appointed independent director on the board of IPPB," an official source said.
Gujarat Cooperative Milk Marketing Federation (GCMMF) sells the Amul brand of milk products.
Sodhi is one of the five independent members to be appointed on the board IPPB, which is set to be operational in March 2017.
The board will have four in-house representatives.
IPPB came into existence after it received certificate of incorporation from the Registrar of Companies on August 17.
Payments bank allows mobile firms, supermarket chains, and others to cater to banking requirements of individuals and small businesses. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services.
The India Post Payments Bank aims to become the most accessible bank in the world, riding on advanced banking and payments technology. Coupled with physical presence across 1.55 lakh post offices and the reach of the postman, the India Post Payments Bank plans to become a powerful and effective vehicle of real financial inclusion in the country.
Source: m.economictimes.com
Thursday, 18 August 2016
India Post Payments Bank Incorporated - PIB
Press Information Bureau
Government of India
Ministry of Communications & Information Technology
18-August-2016 16:18 IST
India Post Payments Bank Incorporated
The India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modi’s Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey.
With the incorporation, the Board of the India Post Payments Bank Limited is likely to be constituted soon. The incorporation of the IPPB Ltd is a significant step forward as this also paves the way for the bank to begin hiring of banking professionals to set up the bank and begin its operations in 2017. The Department of Posts is expected to complete the roll out of its branches all over the country by September 2017. This could be the fastest roll out for a bank anywhere in the world.
The aspiration for the India Post Payments Bank is to become the most accessible bank in the world riding on state of the art banking and payments technology. Coupled with the physical presence across 1.55 lakh post offices and the reach of “The Dakiya”, the India Post Payments Bank aims to become a powerful and effective vehicle of real financial inclusion in the country. It is poised to create a national payments architecture riding on a modern payments platform and ubiquitous information and communication technologies that can be accessed by all users and service providers like never before. The stakeholders of the India Post Payments Bank within the Government and outside are looking at this new entity as a catalyst to social and financial inclusion.
Tuesday, 16 August 2016
The excerpt of PM's Independence Day Speech on DoP's Payments Bank
Following is the extract in connection with India Post taken from the original Independence Day speech of Prime Minister Narendra Modi
Due to information technology, whatsApp, messages, online, e-mail, our post-offices were becoming irrelevant slowly. Post Office is an example of our identity. We have revived and rejuvenated our post offices. It is now linked with poor and small persons. If any government representative gets the affection of a common man in India, it is the postman. Everyone loves postman and postman also loves everybody, but we never paid attention towards them. We have taken a step to convert our post offices into payment banks. Starting of this payment bank will spread the chain of banks in the villages across the country in one go. The benefit of JAN-DHAN Account will also be available and now the MNREGA money through Aadhar Card is also getting transferred in the account of a common man leading to reduction in corruption.
My dear countrymen, when we see train, post office, we also see the unity of India there. More and more efforts we make to unite India and bring change in our system, it strengthens the unity and integrity of our country. For this, we have launched a scheme Mandi e-NAM for the farmers. Today, a farmer can sell his produce in any of the market online across the country. Today, he is not compelled to sell his produce in a market 10 kms away from his fields, at cheaper rates without any income for his hard labour. Now, in the country, through e-NAM, a Network of its own kind, Mandi Network is getting established.
CLICK HERE to watch Video of Hon'ble PM speech.
Sunday, 24 July 2016
India Post to Open Payment Bank in Every District in India
India Post expects to start the first 50 branches of its payments bank by May 2017, seeking to widen financial inclusion in the country.
As per the current plan, India Post Payments Bank (IPPB) - as it has been termed will eventually have 650 branches across the country.
While the first set of branches will open by May, the remaining will start operations by September 2017, a top official of the Department of Posts said.
The department hopes to submit a final proposal to the Reserve Bank of India by February, ahead of the March 2017 deadline, after it has the required management and technology in place, SK Sinha, secretary, Department of Posts, told .
The RBI gave in-principle approval to 11 applicants in August last year, including the Department of Posts, Aditya Birla Nuvo, Airtel M Commerce Services, Fino PayTech, National Securities Depository, Reliance Industries, Tech Mahindra and Vodafone m-pesa, for setting up payments banks. Three of the 11 entities have decided to back out, citing unviability.
India Post, with a network of about 155,000 post offices, will hire almost 2,000 people for the payments bank operations.
"There will be nine board members, five from outside and four internal people from the department, including the CEO," said Sinha.
The department is contemplating whether it can form its own search and selection committee to appoint a CEO or rely on the standard procedure followed by public sector banks for top-level appointments.
The department has written to state-owned banks seeking nominations. Sinha said the State Bank of India has responded with some names.
"For the next rung of leadership such as the chief financial officer, chief operating officer and chief technology officer, we are forming an internal committee," he said. The government has approved Rs 400 crore equity and Rs 400 crore grant for IPPB.
Alibaba-backed Paytm is the other or payments frontrunner for payments banks in India and has drawn up a largely branchless model.
Sinha said that India Post is looking at catering to the unbanked population of the country with the idea of opening one branch in almost every district of the country.
"Most of the other players may not be even thin king of the areas that we want to service," said Sinha. The plan is to have most of the banking features such as money transfer and internet banking, apart from offering credit (in partnership with other banks or institutions), along with financial products such as mutual funds.
Sinha is betting big on the government's direct benefits transfer scheme to drive transactions, with welfare payments being deposited in the bank accounts of consumers.
Friday, 22 July 2016
India Post plans 50 payments bank branches by May
India Post expects to start
the first 50 branches of its payments bank by May 2017, seeking to widen
financial inclusion in the country.
As per the current
plan, India Post Payments Bank (IPPB) - as it has been termed will eventually
have 650 branches across the country.
While the first set of
branches will open by May, the remaining will start operations by September
2017, a top official of the Department of Posts said.
The department hopes
to submit a final proposal to the Reserve Bank of India by February, ahead of
the March 2017 deadline, after it has the required management and technology in
place, SK Sinha, secretary, Department of Posts, told ET.
The RBI gave
in-principle approval to 11 applicants in August last year, including the
Department of Posts, Aditya Birla Nuvo, Airtel M Commerce Services, Fino
PayTech, National Securities Depository, Reliance Industries, Tech Mahindra and
Vodafone m-pesa, for setting up payments banks. Three of the 11 entities have
decided to back out, citing unviability.
India Post, with a
network of about 155,000 post offices, will hire almost 2,000 people for the
payments bank operations.
"There will be
nine board members, five from outside and four internal people from the
department, including the CEO," said Sinha.
The department is
contemplating whether it can form its own search and selection committee to
appoint a CEO or rely on the standard procedure followed by public sector banks
for top-level appointments.
The department has
written to state-owned banks seeking nominations. Sinha said the State Bank of
India has responded with some names.
"For the next
rung of leadership such as the chief financial officer, chief operating officer
and chief technology officer, we are forming an internal committee," he
said. The government has approved Rs 400 crore equity and Rs 400 crore grant
for IPPB.
Alibaba-backed Paytm
is the other or payments frontrunner for payments banks in India and has drawn
up a largely branchless model.
Sinha said that India
Post is looking at catering to the unbanked population of the country with the
idea of opening one branch in almost every district of the country.
"Most of the
other players may not be even thin king of the areas that we want to service,"
said Sinha. The plan is to have most of the banking features such as money
transfer and internet banking, apart from offering credit (in partnership with
other banks or institutions), along with financial products such as mutual
funds.
Sinha is betting big
on the government's direct benefits transfer scheme to drive transactions, with
welfare payments being deposited in the bank accounts of consumers.
Source: ET
IPPB's First CEO May Be from SBI
India Post Payments
Bank, which is in a hurry to appoint a head, could get its first chief
executive officer from the country’s largest lender State Bank of India (SBI).
The bank’s board
comprising the CEO, chairperson, besides government nominees and five
independent directors is expected to be in place by September.
India Post had written
to top five government banks including SBI, Punjab National Bank and Bank of
Baroda among others in identifying the chief.
Sources said that SBI
chairman Arundhati Bhattacharya has already responded and proposed a name.
However, at a later stage, the payments bank is likely to have a search and
select committee in place for the appointment of a CEO.
“We are in a hurry to
put everything in place as soon as possible, we sought suggestions from the top
public sector banks to help us in finding a CEO,” SK Sinha, secretary,
department of post, told HT.
The government set
aside an initial corpus of Rs. 800 crore for
the bank. While the bank will roll out 650 bank branches by September 2017, it
will also use the 154,000 existing post offices to sell a host of its products
and the new bank could hire about 2,000 people.
Source: HT
Tuesday, 28 June 2016
Design IPPB's Identity and WIN!
Dear Colleague,
India Post Payments Bank has received the cabinet approval on June 1, 2016 and is now racing ahead at full speed to be set up. We want you to help us define IPPB’s DNA by inviting you to design its logo or create a tagline.
There is a total prize of INR 50,000 for the best logo and tagline submission if received from the same person. Submitting an entry for both (Tagline and Logo) is not mandatory, you can submit either one and stand a chance to win INR 25,000 for either the submitted logo or the tagline.
We encourage you to spread this message to people around you and encourage them to participate.
To participate and access more information, click here: http://tinyurl.com/IPPBcontest.
Help us make this competition a success by sharing the above contest link through email, WhatsApp or Facebook. The last date for submissions is 9th July 2016.
Looking forward to your participation.
Regards
IPPB PMO Team
