Milestone
India Post Payments Bank (IPPB) has crossed the 5-crore customer mark. This makes it the third largest entity in this segment after Paytm and Airtel Payments Bank. IPPB opened these five crore accounts in digital and paperless mode by leveraging 1.36 lakh post offices.
Marching forward
Out of this, 1.20 lakh are in rural areas. This was possible with the help of about 1.47 lakh doorstep banking service providers. Around 48% women account holders are there while 52% are men. Paytm Payments Bank has over 6.4 customers while Airtel Payments Banks has over 6 crore.
