India Post Payments Bank honoured with Digital Payments Award

• 21 Jun 2025
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India Post Payments Bank (IPPB) has been conferred the prestigious Digital Payments Award 2024-25 by the Department of Financial Services (DFS), a department under the Ministry of Finance. IPPB is a 100% Government of India-owned entity under the Department of Posts, a department under the Ministry of Communications. It received the Digital Payments Award for its contribution to expansion of digital payments and financial inclusion across the nation.

Hon’ble Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman and Hon’ble Shri Pankaj Chaudhary, MoS (Finance), presented the Award at a ceremony held in New Delhi. The recipients of the award were Shri R. Viswesvaran, MD & CEO, IPPB and Shri Gursharan Rai Bansal CGM & CSMO, IPPB.

Among all the Payments Banks that exist in India, the India Post Payments Bank (IPPB) achieved the 1st rank in the Performance Index for Financial Year 2024-25. It received the ‘Special Mention’ award for Financial Year 2023-24. These achievements show how far IPPB has come and reflect its strong focus on making banking more inclusive, accessible and tech-forward.

IPPB was created to push financial inclusion to every corner of the country and it’s doing just that. Backed by the massive reach of India’s postal network, it’s now one of the biggest platforms for digital banking in the country. What sets IPPB apart is its model of bringing banking to people’s doorsteps with the help of more than 2 lakh Postmen and Gramin Dak Sevaks. From big cities to the remotest villages, IPPB is helping people access digital payments and services that were once out of reach.

Mr. R. Viswesvaran, MD & CEO, India Post Payments Bank, commented on the occasion, "This award is a testimony to IPPB’s relentless efforts in making digital financial services accessible, inclusive, and trusted. We are honoured by this recognition and remain committed to empowering every Indian citizen through innovative and secure digital banking solutions."

This recognition isn’t just about awards. It is a reminder of IPPB’s larger mission i.e., to close the gap between urban and rural banking and help build a digital-first economy where no one is left behind.

About India Post Payments Bank

The India Post Payments Bank (IPPB) is a wholly-owned entity of the Government of India. It was established on 1 September 2018 under the Department of Posts, Ministry of Communication. 

The vision that led to the establishment of the bank was to build a bank that a common man can access, afford and trust. It was built especially for those who’ve never had a bank account. 

IPPB has got a huge advantage: India’s postal network, with about 1.65 lakh post offices (mostly in rural areas) and around 3 lakh postal workers. That network helps it bring banking straight to people’s doors. No paperwork, no long travel, no complicated process. Just a simple app, a biometric device and postal employees.-

IPPB now serves over 11 crore people in more than 5.5 lakh villages and towns. It offers services in 13 different languages. From sending money and paying bills to opening accounts, the bank is making banking feel like a basic right, not a privilege.

Source: PIB