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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.
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Since India became independent in 1947, the postal service continues to function on a nationwide basis, providing a variety of services. The structure of the organization has the directorate at its apex; below it are circle offices, regional offices, the superintendent's offices, head post offices, sub-post offices and branch offices.
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
The Post Office Act XVII of 1837 provided that the Governor-General of India in Council had the exclusive right of conveying letters by post for hire within the territories of the East India Company. The mails were available to certain officials without charge, which became a controversial privilege as the years passed.
Post Office Passport Seva Kendra (lit. ' Post Office Passport Service Center ') abbreviated as POPSK is an Indian government initiative by the Ministry of External Affairs (India) (MEA) and the Department of Posts (DoP), [1] where the Head Post Offices (HPO) and post offices is being utilized as Post Office Passport Seva Kendra (POPSK) for delivery of passport related services to the citizens ...
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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.