New Delhi, Sep 04 Prime Minister Narendra Modi stated that India’s postal system has evolved into the world’s largest doorstep banking network, with postmen serving as key agents of financial inclusion.
This transformation, attributed to government efforts, includes India Post Office and IPPB Online. Union Minister Jyotiraditya M. Scindia elaborated that under Modi’s vision of “Sabka Saath, Sabka Vikas, Sabka Vishwas,” the postal network has been redefined as the globe’s largest doorstep banking system.
The India Post Payments Bank (IPPB) aims to provide access, assurance, and aspiration to all Indians. The Department of Posts, operating through 160,000 post offices, is digitally onboarding all rural accounts and has become a national pioneer in this regard.
IPPB, established eight years ago, was founded on the principle of including all Indians in the formal economy, thereby unlocking opportunities and empowerment, and has become an engine of national economic empowerment by integrating rural India into the digital economy.
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