IPPB launched in Nagaland

IPPB launched in Nagaland
Chief Secretary,R Binchilo Thong, IAS & Superintendent Posts, Nagaland Post Division, Lalramzauva addressing releasing special cover on Financial Inclusion& IPPB Kohima Branch at Hotel Japfu on 1st September, 2018.

Dimapur, September 1: Chief Postmaster General North East Postal Circle launched India Post Payments Bank(IPPB) at Kohima Branch today.
On the day of the launching, IPPB will have 650 branches and 3250 access points spread across the country and the Government aims to link all the 1.55 lakh post offices to the India Post payment system by 31st December 2018. It has been envisioned as an accessible, affordable and trusted bank for the common man which would offer assisted doorstep banking in rural, urban and remote areas.
Chief Secretary, R. Binchilo Thong IAS, in his address said that the objective of the IPPB is to spearhead by removing the barriers especially in the rural areas.
He informed that with the launch in Kohima branch there will be five branches which will benefit the students, senior citizens, urban migrants, farmers mall business and house wives. He added that the ultimate aim of all these exercise is to further financial inclusion and make India cashless to make it convenient and accessible.
Superintendent Posts, Nagaland post Division, Lalramzauva in his address highlighted that IPPB aims & objectives is to further financial inclusion for the underserved populations by providing current and saving account, payment or remittance services, low income households, small business ,ensuring that everyone has equal access to financial services no matter who they are what they earn and where they are.
He further appraised that IPPB would be powered by the Post Office’s unmatched reach with over 1.54 lakh post office across the country, 90% in rural areas, un-banked and under-banked. IPPB will take banking to every doorstep, coupled with an array of digital channels. He added that in Nagaland we have 43 Sub post offices and 286 branch post offices in the entire state as of today.
Earlier Chief Secretary, R. Binchilo Thong IAS, released special cover on Financial Inclusion & Launch IPPB Kohima Branch.
The programme was chaired by Marketing Executive Imtikumzuk. Welcome addresses was delivered by IPPB Branch Manager, Kohima, Sagar Halder .Other highlights of the programme ,a short Video message was presented on India Post Payments Bank. Distribution of QR Cards to Account Holders, followed by video presentation on National launch event presided over by the Prime Minister, Narendra Modi. Earlier Chief Secretary, R. Binchilo Thong IAS, released special cover on Financial Inclusion & Launch IPPB Kohima Branch.
Together with 650 post office branches and 3250 access points spread across the country, 9 branches and 36 access points from Nagaland today went live to offer IPPB (India Post Payments Bank) services. The remaining of the 43 branches and 286 access points in total that the state has will be covered later under this initiative aimed to have financial inclusion of as many people as possible in the country.
DC Dimapur Sushil Kumar Patel, who had inaugurated the Dimapur Branch on the occasion at a formal program held at Hotel Lake Shilloi, said in his brief remark that the good thing about post offices is that their reach is much larger than the banks and with this new system, it would become easier for people to make financial transactions, especially for those who live in rural areas, and the cost of commuting for people living in outskirt areas would be eliminated.
Calling it an alternative to banks, he said that people in rural areas, 80% of which are covered by post offices, would be benefitted by it and added that he has been told that the post offices would provide door-step services to its customers besides many other services that usually banks provide and the customers need not remember all the details of their accounts as they would be provided QR codes using which the transactions can be easily done. He regarded this great option as many people are not literate enough to go through meticulous processes of banking.
On the occasion, QR cards were also distributed to three account holders.
IPPBs would be providing most of the banking facilities to the people with minimum hassle and 100% of the equity of these is held by the Government of India. It may be mentioned here that in India there are presently more than 1.5 lakh post offices, all of which would be later transformed to IPPBs.
Besides Dimapur Branch, the other branches in Nagaland that were inaugurated today are Kohima Branch, IPPB, Wokha Branch, Phek Branch, Mokokchung Branch, Tuensang Branch, Zunheboto Branch, Jalukie Branch and Mon Branch.
(Page News Service)