Question : India Post Payments Bank in NER

(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?

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.