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IPPB to help Financial Inclusion: MoC

Gaurav Agrawal, New Delhi
09/10/2017   0 Comments

Minister for Communications  Manoj Sinha while speaking on the occasion of World Post Day said that the Government was working on setting up 650 India Post Payments Bank (IPPB) and gearing up fast to provide its financial services through all of 1.55 lakh post offices to fulfil the Prime Minister’s vision of financial inclusion. 

Sinha launched International Tracked Packet service designed specially to meet the cross border requirements of e-Commerce sector in Asia-Pacific Region. At the beginning, the service will be available to 12 countries and gradually the whole world will be covered. This new service has many special features like affordable price, track & trace, volume discounts, pick up facility, compensation for loss or damage and, therefore, high value for money.

The Minister also launched e-IPO (Indian Postal Order) in the denominations of Rs. 10/-, Rs. 20/-, Rs. 50/- &Rs. 100/-, as a pilot project in Bihar, Delhi and Karnataka. The service is expected to cover the entire country in the next two months.  e-IPO will be used for all purposes like fee payment for RTI/ educational institutions/ Court/ online registration for Cable Operators etc. Customer can purchase e-IPO online from one’s home or workplace, as per one’s convenience. 

India Post celebrates the National Postal Week every October from 9th to 15th October, starting with World Post Day which is celebrated each year on 9th October, the anniversary of the establishment of the Universal Postal Union (UPU) in 1874 in Berne. The purpose of World Post Day is to create awareness of the role of the postal sector in people’s and businesses’ everyday lives and its contribution to the social and economic development of countries. 
 

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