IPPB – Micro ATM India Post Payment Bank Project – Micro ATM User Manual 1. Micro ATM Micro ATM is an Android based application developed to run on handheld device such as Tab / Smartphones with bio metric capability. This application is for User to support customers in doing banking transactions. This will enable field Users to provide services such as customer on boarding, e-­KYC based financial transactions such as Cash Deposit, Cash Withdrawals, Bill payments, Remittances and Non-financial transactions such as Balance enquiry, Account management, Beneficiaries and Standing Instructions. 1.1 Login to Micro ATM User launches the application and the login screen is displayed. User would be able to login into the application using any one of the two options Login with User ID + Password, Login with User ID + Biometric Enter user id and password sent to User mobile/email after onboarding in AMS Read and accept the terms and conditions. Tap on the finger print i...

Prime Minister’s Office PM launches India Post Payments Bank – a major initiative towards financial inclusion 01 SEP 2018 The Prime Minister, Shri Narendra Modi, today launched the   India Post Payments Bank   ( IPPB ) at Talkatora Stadium in New Delhi. The function was witnessed at over 3000 locations across the country, which were connected to the main event in Delhi. Speaking on the occasion, the Prime Minister said that through the India Post Payments Bank, banking services will conveniently reach the remotest places in the country, and the people living there. He recalled that the Union Government had earlier rolled out the Jan Dhan Yojana to establish financial inclusion. He said that today’s launch of   IPPB   is one more step to achieve this objective. He said   IPPB   branches have opened across 650 districts today. The Prime Minister said that the postman has long been a respected and accepted person in the villages. He said the tru...

Cabinet Cabinet approves Revised Cost Estimate for setting up of India Post Payments Bank Boost to Banking Services at Post Offices across the country 29 AUG 2018 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for revision of the project outlay for setting up of India Post Payments Bank (IPPB) from Rs. 800 crore to Rs. 1,435 crore. The additional sum of Rs. 635 crore in the revised cost estimates is on account of Rs 400 crore for Technology Costs and Rs 235 crore for Human Resource Costs. Details: IPPB services shall be available at 650 IPPB branches and 3250 Access Points from 1st September 2018 and in all 1.55 lakh post offices (Access Points) by December 2018. The project will generate new employment opportunity for about 3500 skilled banking professionals and other entities engaged in propagating financial literacy across the country. The objective of the project is to build the most accessible, affordable and trusted bank for the c...

Regarding arrangements and nomination of nodal officers for monitoring of preparations in Circles No. 5-8/2018-PBI Ministry of Communications Department of Posts (PBI Division) Dak Bhawan, New Delhi Dated: 23rd August 2018 To, All CPsG PMsG DPS All Nodal Officers at Directorate Subject:  Nationwide rollout of India Post Payments Bank – regarding arrangements and nomination of nodal officers for monitoring of preparations in Circles. The Department of Posts is rolling out 650 branches and 3250 access points of India Posts Payments Bank (IPPB) simultaneously across the country on 1st September 2018. The Hon’ble Prime Minister of India has kindly agreed to preside over the national level launch function which is scheduled at Talkatora Stadium, New Delhi. Several Governors / Chief Ministers / Union Ministers / State Ministers / Member of Parliaments 1 Member of Legislative Assembly and other dignitaries and important personalities will be presiding the launch functions a...

CABINET APPROVES REVISION IN THE WAGE STRUCTURE AND ALLOWANCES OF GRAMIN DAK SEVAKS (GDS) OF THE DEPARTMENT OF POSTS (1/2) Cabinet Decision June 06, 2018 The revision in the wage structure would entail an estimated expenditure of Rs 1257.75 crore (Non-recurring expenditure – Rs 860.95 crore and Recurring expenditure of Rs.396.80 crare) during 2018-19. 3.07 lakh Gramin Dak Sevaks will be benefitted by this wage revision. Details: Time Related Continuity allowance (TRCA) structure and slabs have been rationalised. The total GDSs have been brought under two categories viz. Branch Postmasters (BPMs) and other thanBranch Postmasters namely Assistant Branch Postmaster (ABPMs). The present 11 TRCA slabs will be merged into only three TRCA Slabs with two levels each for BPMs and other than BPMs. Introduction of new Time Related Continuity Allowance (TRCA) will be as below: Minimum TRCA of two types of proposed categories of GDSs as per working hours / levels S.No . Category M...

IPPB A total of 12 India Post payment banks would come up in the 12 districts under Trichy postal division including two in the district before September this year, the director of postal services, central region, A Thomas Lourduraj has said. He also revealed that the region had seen a growth of 8.87 per cent during 2017-18 compared to the previous year in overall business. According to him, 37 payment banks would be established across the state. In an effort to provide banking services to the people, particularly in rural areas, the Union government had announced the establishment of 650 payment banks. He was speaking at a function to declare open the Trichy postal division’s migration to Core System Integration platform. The head post offices, sub-post offices and branch offices would be linked to the payment banks. The banks would provide banking services like savings accounts, payment and remittance services. However, they would not offer loans or credit cards, they said. ATMs hav...

Ministry of Communications India Post Payments Bank (IPPB) to enable Digital Payments in Post Offices by April 2018 India Post Payments Bank (IPPB) Expansion Programme continues to make brisk progress and a nation-wide roll-out is scheduled beginning April 2018. No decision has been taken to revise the timelines as reported in some sections of the media on Tuesday, 06th February 2018. Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and GraminDakSewaks (GDS). IPPB will also enable more than 17 crore active account-holders of Post Office Savings Bank to make interoperable digital payments including the benefit of NEFT, RTGS, UPI and bill payment services. Additionally, the IPPB will enable acceptance of digital payments across post offices in the country in line with the digital p...

IPPB FAQs:  Deputation of DoP staff to India Post Payments Bank FAQs on deputation of DoP staff to India Post Payments Bank (IPPB) Sl. No. Frequently Asked Question Response/Clarification 1. What is IPPB ? What are its Objectives? How it will operate? (i) India Post Payments Bank Limited ("IPPB") was incorporated as a company on August 17, 2016 under The Companies Act, 2013, with 100% equity from the Department of Posts (DoP), Ministry of Communications, Govt. Of India and as a payments banking company under Section 22 (1) of the Banking Regulation Act, 1949.(ii) IPPB is visualized as a vehicle of financial inclusion that would complement the existing banking, financial services and payments network in the country to improve overall efficiency, accessibility and convenience in delivery of banking services including Direct Benefits Transfer and social security payments. IPPB, as an organization, is designed to leverage the field network of the Department of Posts and is r...