IPPB in Odisha Postal Circle launched

Aimed at speedy financial inclusion of all sections of the society, Nalco CMD Dr TK Chand along with Puri MP Pinaki Misra and Rajya Sabha MP Raghunath Mohapatra on Saturday launched the much-awaited India Post Payments Bank (IPPB) in Puri.

The launch in Odisha followed the national rollout of IPBB by Prime Minister Narendra Modi at a function in New Delhi. 33 branches and 165 access points all over Odisha Postal Circle were launched.

Dr Chand said the move to launch the IPBB is a powerful measure that will greatly benefit the masses, especially people from the rural pockets. This will provide an accessible, affordable and trusted bank for the common man to speedily achieve the objective of financial inclusion of the Government. The huge network of the Postal department can be leveraged effectively to achieve the objective.’’

It is worth mentioning that the civil society members present in the launch ceremony were highly appreciative of the gesture of Dr Chand to transfer Rs 15,000 from his salary account and distribute Rs 500 to each of the BPL girl children who have attended the function.

The IPPB will offer a range of products such as savings and current accounts, money transfer, direct benefit transfers, bill and utility payments, and enterprise and merchant payments.