India Post Payments Bank marks 9th Foundation Day, launches DakPay Sound Box
On 1 September 2026, India Post Payments Bank marked its 9th Foundation Day and launched the DakPay Sound Box for merchants and a Digital Insurance Technology Platform.
Summary
India Post Payments Bank (IPPB) marked its 9th Foundation Day on 1 September 2026 and launched the DakPay Sound Box for merchants and a Digital Insurance Technology Platform covering life, health and general insurance. IPPB was launched on 1 September 2018 under the Department of Posts, with 100% equity held by the Government of India. The bank serves more than 13 crore customers across 5.57 lakh villages and towns in 13 languages, and holds deposits of ₹29,104 crore.
Key facts
- Bank
- India Post Payments Bank (IPPB)
- Launched
- 1 September 2018, under Department of Posts; 100% GoI equity
- New launches
- DakPay Sound Box for merchants; Digital Insurance Technology Platform
- Reach
- 13+ crore customers, 5.57 lakh villages/towns, 13 languages
- Deposits
- ₹29,104 crore
Practice MCQs 2 questions
India Post Payments Bank, which marked its 9th Foundation Day in 2026, was launched on which date?
Show answer
Correct answer: D — 1 September 2018
IPPB was launched on 1 September 2018 under the Department of Posts.
What did India Post Payments Bank launch for merchants on its 9th Foundation Day?
Show answer
Correct answer: B — DakPay Sound Box
IPPB launched the DakPay Sound Box for merchants to simplify digital payment acceptance.