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IPPB :: Additional funding of Rs.820 crore for FY 2020-21 to 2022-23 total outlay now at 2255 crore -- PB (27-04-2022)
Cabinet approves revised cost estimate on “Setting up of India Post Payments Bank”
Additional funding of Rs.820 crore for FY 2020-21 to 2022-23 total outlay now at 2255 crore
Posted On: 27 APR 2022 4:51PM by PIB Delhi
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) from Rs.1435 crore to Rs.2255 crore as equity infusion to meet regulatory requirement. The Cabinet also granted in principle approval for future fund infusion to the tune of Rs.500 crore for meeting regulatory requirements and technological upgradation.
The objective of the project is to build the most accessible, affordable and trusted bank for the common man; spearhead the financial inclusion agenda by removing the barriers for the unbanked and reduce the opportunity cost for the under banked populace through assisted doorstep banking. The project supplement Government of India’s vision of “less cash” economy and at the same time promote both economic growth and financial inclusion.
India Post Payments Bank did a nationwide a launch by on September 1, 2018 with 650 branches/controlling offices. IPPB has enable 1.36 lakh Post Offices to provide banking services and has equipped nearly 1.89 lakh Postmen and Gramin Dak Sevaks with smartphone and biometric device to provide doorstep banking services.
Since the launch of IPPB, it has opened more than 5.25 crore accounts with 82 crore aggregate number of financial transactions with Rs.1,61,811 crore which includes 765 lakh number of AePS transactions worth Rs.21,343 crore. Out of the 5 crore accounts, 77% of accounts are opened in Rural areas, 48% are women customers with around Rs.1000 crore of deposit. Nearly 40 lakh women customers received Direct Benefit Transfer (DBT) into their accounts valued at Rs.2500 crore. More than 7.8 lakh accounts have been opened for school students.
In Aspirational Districts IPPB has opened around 95.71 lakh accounts having 602 lakh aggregate transaction worth Rs.19,487 crore. In Left Wing Extremism (LWE) districts, 67.20 lakh accounts have been opened by IPPB having 426 lakh aggregate transactions worth Rs.13,460 crore.
Total financial expenditure involved under the proposal stands at Rs.820 crore. The decision shall help India Post Payments Bank pursue its objective of furthering financial inclusion across India by leveraging the network of Department of Posts.
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(Release ID: 1820520)//copy//
India Post warns public against fraudulent URLs/Websites claiming to provide subsidies/prizes through certain surveys, quizzes -- PIB (23-04-2022)
Posted On: 23 APR 2022 10:15AM by PIB Delhi
India Post over the recent days has been observing various URLs/Websites getting circulated in social media such as WhatsApp, Telegram, Instagram and through emails / SMS containing tiny URLs/ Short URLs, claiming to be providing Government Subsidies through certain surveys, quizzes.
We wish to inform the citizens of the Country that India Post is not involved in any such activities like announcing Subsidies, Bonus or Prizes based on Surveys etc. Public receiving such notifications/messages /emails are requested not to believe or respond to such fake and spurious messages or share any personal details. It is also requested not share any personally identifiable information such as date of birth, Account numbers, mobile numbers, place of Birth & OTP etc.
India Post though is taking necessary action to prevent these URLs / links / Websites to be taken down through various prevention mechanisms. Public at large is once again requested not to believe or respond to any fake / spurious messages / communications / links.
India Post and Fact Check Unit of Press Information Bureau (PIB) have declared these URLs/Websites as fake through social media.
नकली वेबसाइट 'https://t.co/enD9FVZYad जैसेकई वेबसाइट भारतीय डाक पर लकी ड्रा करने
का दावा कर रही है। भारतीय डाक/डाक विभाग का ऐसी गतिविधि सेकोई लेना-देना नहीं है। ऐसी
धोखाधड़ी गतिविधियों सेसावधान रहें। pic.twitter.com/0UcHXQiIFH
— India Post (@IndiaPostOffice) April 21, 2022
Multiple fake websites like 'https://t.co/enD9FVZYad' claims to be running @indiapost_dop 170th anniversary lucky draw. India Post/Department of Posts has nothing to do with such scamming activity. Beware of such fraudulent activities. — India Post (@IndiaPostOffice) April 21, 2022
▶️ Neither the website nor the organisation is associated with the India Post. ▶️ Beware of such fake organisations and webpages. — India Post (@IndiaPostOffice) April 21, 2022
A #FAKE lucky draw in the name of @IndiaPostOffice is viral on social media and is offering a chance to win ₹6,000 after seeking one's personal details#PIBFactCheck ▶️It's a scam & is not related with India Post Join us on #Telegram for quick updates: https://t.co/zxufu1aRNO pic.twitter.com/FCPT3kGuRX — PIB Fact Check (@PIBFactCheck) April 22, 2022
RKJ/M
(Release ID: 1819189)
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