India Post Payments Bank marks 8th Foundation Day with over 12 crore customers
India Post Payments Bank celebrated its 8th Foundation Day (IPPB Day) on 1 September 2025, having onboarded over 12 crore customers through more than 1.64 lakh post offices.
Summary
India Post Payments Bank (IPPB) celebrated its 8th Foundation Day, known as IPPB Day, on 1 September 2025. Leveraging more than 1.64 lakh post offices and over 1.90 lakh postmen and Gramin Dak Sevaks, the bank has onboarded over 12 crore customers and enabled doorstep banking in rural, semi-urban and remote areas. Its recent offerings include DigiSmart digital savings accounts, the Premium Aarogya Savings Account with healthcare benefits and Aadhaar-based face authentication, alongside DBT disbursements, pension payments, AePS and cross-border remittances.
Key facts
- Date
- 1 Sep 2025 – 8th Foundation Day (IPPB Day)
- Customers
- Over 12 crore
- Network
- 1.64 lakh+ post offices; 1.90 lakh+ postmen and GDS
- New offerings
- DigiSmart, Premium Aarogya Savings Account, Aadhaar face authentication
- Chairman
- Vandita Kaul
Practice MCQs 2 questions
India Post Payments Bank celebrated which Foundation Day on 1 September 2025?
Show answer
Correct answer: C — 8th
IPPB celebrated its 8th Foundation Day, known as IPPB Day, on 1 September 2025.
As of its 8th Foundation Day in September 2025, India Post Payments Bank had onboarded over how many customers?
Show answer
Correct answer: D — 12 crore
The bank has successfully onboarded over 12 crore customers, using more than 1.64 lakh post offices.