India Post Payments Bank Ranks First Among Payments Banks in Performance Index FY2024–25

India Post Payments Bank (IPPB), a 100% Government of India-owned entity under the Department of Posts, Ministry of Communications, has been conferred the prestigious Digital Payments Award 2024-25 by the Department of Financial Services (DFS), Ministry of Finance, in recognition of its outstanding contribution to expanding digital payments and financial inclusion across the country.

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

India Post Payments Bank (IPPB) achieved 1st Position among Payments Banks in India in the Performance Index for Financial Year 2024–25 & received ‘Special Mention’ award for the Financial Year 2023-24. This leap reflects the IPPB’s robust capabilities and its unwavering commitment to delivering inclusive, technology-led, citizen-centric banking solutions with a purpose.

Established with the vision of driving financial inclusion at scale, IPPB has emerged as one of the largest platforms for digital banking in India, leveraging the unmatched reach of the Department of Posts network. With a robust tech-driven architecture and a doorstep banking model powered by over 2 lakh Postmen and Gramin Dak Sevaks, IPPB has been pivotal in promoting digital payments even in the remotest parts of the country.

Speaking on the occasion, Mr. R. Viswesvaran, MD & CEO, India Post Payments Bank said:

"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 underscores IPPB’s mission to bridge the urban-rural divide in banking and reaffirm its role as a key enabler in the Government’s vision of a cash-light, digitally empowered economy.