The banking sector in India will enter a new phase with the launch of India Post Payments Bank (IPPB) on 1st of September by the Prime Minister. In the Assam Circle too, IPPBs shall be launched on the same date at the Srimanta Sankardev Kalakshetra Auditorium at 2 pm, in the presence of the CM Sarbananda Sonowal.
Vishwapavan Pati, Chief Postmaster General, Assam Circle in a press meet informed, ‘Out of 33 districts in Assam, 26 districts have been selected for the India Post Payments Bank which will operate out of the district Postal Headquarters. All the post offices in the State will serve as access points under the general post offices at district levels. The other seven districts will have access points and they will operate under the branches of the nearest districts.’
Out of 1.55 lakh post offices in the state, 1.3 lakh post offices are in rural areas, hence the accessibility to rural areas shall be much more than any other banks in the country informed Pranjal Patowary, Manager of IPPB. However, initially these banks will have a limit on deposit up to 1 lakh which will later be increased.
‘The postal service in Assam along with the other States wants to ensure a secure digital ecosystem, both user friendly and affordable to the general public; hence the Assam Circle along with other States is into speedy establishment of the IPPBs throughout the State’ said Patowary.
However, with the recent indefinite strikes throughout the post offices in the country on issues of payment structure and pension benefits, the added job responsibilities of IPPB to the postal branches might again create tensions in the department after the launch.