Nagaland

Financial Inclusion Camp by India Post Payments Bank supported under FIF of NABARD held

(IPPB Manager and Assistant Manager at the Financial Inclusion Camp at Heningkunglwa Village)

Peren, November 24 (NE): A Financial Inclusion Camp was held at Council Hall, Heningkunglwa village, Peren district by the Indian Post Payments Bank (IPPB), Dimapur supported by NABARD, today November 24, 2019.

The IPPB Manager- Area Operations, Rajni Kant Tripathi explained about the initiatives of IPPB which offers savings & current account opening, cash deposit/withdrawal, money transfer (NEFT, RTGS, IMPS, AEPS, UPI) at the rural areas. He also emphasized that the initiative is to serve people in rural areas and to educate them and bring awareness about IPPB.

IPPB, Assistant Manager, Sharon also spoke about the importance and benefits of opening accounts with IPPB for the people in rural areas without banks in the villages. It will help the people and enhance easy cash transactions without any hurdles through postal banking.

Through the camp many people including farmers, and manual workers in other agricultural activities were able to open an account with IPPB which offers them an opportunity to open bank accounts with zero or a minimum of hundred rupees as an opening amount.

Indian Post Payments Bank (IPPB) aims to provide every household in India an access to efficient banking services and enable rural areas to become financially secure and empowered.

IPPB was setup under the department of Post, Ministry of communication with 100% equity owned by Government of India and was launched as a pilot project on January at Ranchi and Jaipur with the objective of being present across India by FY 2018-2019.

IPPB has expanded its strength across India covering post offices through a network of 650 IPPB branches/controlling offices, working on a hub and spoke model.