DDC convenes meeting on India Post Payments Bank services

GJ REPORT
ANANTNAG, SEP 5: The District Development Commissioner, Anantnag Mohammad Younis Malik, today convened a meeting of the officers of Department of Posts (DoP) Anantnag, representatives of various banks and other district officers, regarding India Post Payments Bank (IPPB) services, launched by the Hon’ble Prime Minister on 1st of September 2018.
On the occasion experts from Department of Posts (DoP) Anantnag detailed about various services being provided by IPPB for the general public. Threadbare discussions were held regarding the effective implementation of the (IPPB) services.
The experts informed the meeting that the IPPB will be like any other bank but its operations will be on a smaller scale without involving any credit risk and is expected to reach customers mainly through their mobile phones rather than traditional bank branches. The accounts can be opened instantly through their respective mobile apps just by providing details like Aadhaar Number with KYC verification, also doorstep banking service is one of the most distinct features of the IPPB, thereby making it very accessible.
Speaking on the occasion, DDC Anantnag stressed upon the proper dissemination of the information regarding the IPPB, so that benefit reaches upto the grass root level. He stressed on the need to aware the general public about the latest technology and techniques regarding the sustainable cashless transactions, so that maximum could be achieved in minimum time frame.
The DDC added that there are dozens of social security schemes available for the needy, but need of the hour is to create awareness among general public and close coordination among various banks and government departments so that beneficiaries are benefitted at the right time. He further said that IPPB and other banks can play a vital role in making cashless transactions easy and accessible for the common public.
Among others the meeting was attended by Postmaster Head Post Office Anantnag, Lead Bank Manager Anantnag, District Social Welfare Officer Anantnag, Chief Horticulture Officer Anantnag, District Agriculture Officer Anantnag, DPO Anantnag and representatives of various banks & Traders Association Anantnag.