(UNI) Union Finance Minister Piyush Goyal on Wednesday said by leveraging all 1.55 lakh post offices across the country, the India Post payment Bank (IPPB) would be able to provide banking services to the last man in rural and remote areas and help realizing the dream of Prime Minister Narendra Modi of economic transformation and creation of New India with all-encompassing financial inclusion.
Mr Goyal also congratulated the Department of Posts and IPPB for their efforts in spreading the activities of the bank.
Union Communications Minister Manoj Sinha expressed satisfaction at the rapid scale up of the bank. He also commended the bank’s efforts to simplify and popularize digital payments in the country.
He said in a little over four months, the Bank has rolled out 1.25 lakhs access points across the country. Significantly approximate 1.10 lakh of these Access Points are located in the rural areas. It is fastest Access Points ramp up in banking history with the average rate of over 800 Access Points per day. The number of its Access Points is nearly twice the number of bank branches in rural India until recently.
The two Ministers were speaking at a special function organised to mark completion of two years of IPPB since its pilot launch.
IPPB providing banking services to last man in rural areas: Goyal
