Bhubaneswar: Union Petroleum and Skill Development Minister Dharmendra Pradhan launched India Post Payments Bank (IPPB) in Odisha as part of the country-wide move to take banking to all through vast network of post offices.
The launching ceremony was organised yesterday afternoon at Chief Post Master General (CPMG) office premises in Bhubaneswar. This event followed the national roll out of IPBB by PM Narendra Modi at a function in national capital.
During the launching ceremony in Bhubaneswar Dharmendra Pradhan said,
The IPPB will revolutionise the banking system and encourage financial inclusion of the poor, dalits, women and backward sections of our society.
Union Tribal Affairs Minister Jual Oram launched the IPPB branch in Sundargarh, while the NALCO CMD, T K Chand alongside MPs Pinaki Mishra and Raghunath Mohapatra launched it in Puri.
Altogether 33 branches and 165 Access Points were launched across Odisha Postal Circle. A total of 8,050 access points would be rolled out in Odisha by December 31, 2018.
The IPPB would offer a range of products such as savings and current accounts, remittances and money transfer, direct benefit transfers, bill and utility payments, enterprise and merchant payments.