India Post Payments Bank Opens 2.68 Cr Accounts, Eves Accounts More

New Delhi: India Post Payments Bank (IPPB) opened 2.68 crore accounts in 2024 (till Novem-ber), with 1.56 crore or 59 per cent being owned by women and 77 per cent accounts being opened in rural parts of the country, the government said on Friday.

While 1.04 crore customers availed mobile banking services, 69 lakh utilised VDC (virtual debit card) services and around 2,600 crore were disbursed through AePS (Aadhaar Enabled Payment System) in the January-November period.

About 3.62 crore IPPB customers received direct benefit transfer (DBT) benefits aggregating Rs 34,950 crore while 4.40 lakh digital life certificates were issued to pensioners in the January-November period, according to the Ministry of Communications. Nearly 58 per cent of total DBT beneficiaries are women, and the bank is proactively working towards women empower-ment, aligning with the government’s directions.

Parcel monitoring application (PMA) revolutionised real-time delivery information sharing from 4.33 lakh articles in May 2019 to 5.35 crore articles in October 2024. As of October, 400,00 KYC verifications were

successfully completed.