‘IPPB would prove to be a boon’

‘IPPB would prove to be a boon’
DC Dimapur Sushil Kumar Patel releasing the special cover of IPPB launch of India Post Dimapur branch held on September 1.


Morung Express News
Dimapur | September 1


Simultaneous with the live nationwide launch of the India Post payment Bank (IPPB) in New Delhi by Prime Minister Narendra Modi on Saturday afternoon, the Dimapur branch of Postal Services also launched IPPB.


Deputy Commissioner, Dimapur, Sushil Kumar, who launched the Dimapur branch IPPB here at Hotel Lake Shilloi, in his address said the IPPB would prove to be a boon, especially to the rural people who do not have easy access to banking facilities.


The DC said in a state like Nagaland where the concept of savings is yet to catch up with majority of the rural people, the doorstep banking services provided by IPPB would save expenses of rural people, who otherwise have to travel quite some distance to reach the nearest bank.


Underscoring the importance of savings, he said in many states, government employees get their monthly salary even after two-three months delay. Patel said if a government employee has served for more than 10 years, than delay in salary should not be a problem as the employee can pull through with his or her savings.


The DC also released the special cover on ‘Financial inclusion and launch of IPPB Dimapur branch’ and also distributed QR cards to account holders


Inspector of Post Offices, Dimapur Branch, A Akha-a Agnes, in her speech said, “At this very moment 650 branches and 3250 Access Points are simultaneously being launched all over the country, out of which 9 Branches and 36Access Points are here in our State.”


Agnes also informed that all the 1.55 lakh Post Offices in the country would be linked to the IPPB system by 31st December 2018, thereby enabling banking services to the remotest areas too. Nagaland has 43 Post Offices and 286 Branch Post offices.


Earlier, IPPB manager, Dimapur branch, Sharon Losii, delivered the welcome address.


Key account features and benefits:

• Banking at your convenience
• Instant and paperless A/C opening
• Interest rate – 4%
• No monthly average balance required to be maintained
• Simplified banking services through QR card
• Money transfer through NEFT. RTGS, IMPS,UPI and AEPS
• Bill utility payments including mobile and DTH recharge, electricity, water and gas bills, donation and insurance premiums
• Third party products – loans, insurance, investment and PO saving schemes
• POSB A/C can be linked to IPPB A/C where customer can avail sweep in-sweep out facility