❖ India Post Payments Bank celebrates 7th Foundation Day on September 01.

❖ It was first started as a pilot project on January 30, 2017 in Ranchi (Jharkhand) and Raipur (Chhattisgarh).

❖ IPPB was launched on September 1, 2018.

❖ IPPB has successfully disbursed over Rs 45,000 crore in Direct Benefit Transfers (DBT) to beneficiaries under various government schemes.  

❖ India Post have extensive network of over 161,000 post offices and 1,90,000 postal employees during the last seven years.