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India Post Payments Bank, abbreviated as IPPB, is a division of India Post that is under the ownership of the Department of Post, a department under the Ministry of Communications of the Government of India. Opened in 2018, as of March 2024, the bank has more than 90 million customers. [1]
The work in these offices mainly comprises maintaining General Provident Fund accounts of the staff employed in a particular postal circle, settlement of pension cases, checking of money order deliveries and NSCs, budgeting and financial control, Internal Audit of Postal Units and rendering financial advice to the concerned Head of the Circle.
With 164,972 post offices (as of March 2024), India Post is the widest postal network in the world. The country has been divided into 23 postal circles, each circle headed by a Chief Postmaster General. Each circle is divided into regions, headed by a Postmaster General and comprising field units known as Divisions.
1 August 2024: 29 April 2025 Lieutenant General Raj Shukla (Retd.) Indian Army: Member: 18 July 2022 [23] 26 March 2027 Suman Sharma IRS Member 25 May 2023 24 May 2029 Bidyut Bihari Swain: IAS: Member: 1 June 2023 [24] 4 September 2028 Sanjay Verma IFS Member 1 February 2024 27 January 2030 Dr. Dinesh Dasa Academician Member 29 September 2023 ...
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The Bill aims to modernize India Post and expand its services, concerns regarding privacy, accountability, and centralization.. Features of the Bill: Modernization and Expansion: The bill envisions a transformed India Post, venturing beyond traditional mail delivery to offer financial services like banking and insurance, and playing a bigger role in e-commerce delivery.
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National Savings Certificates, popularly known as NSC, is an Indian Government savings bond, primarily used for small savings and income tax saving investments in India. It is part of the postal savings system of India Post. These can be purchased from any Post Office in India by an adult (either in his/her own name or on behalf of a minor), a ...