A STUDY ON THE ROLE OF INDIA POST PAYMENT BANK IN FINANCIAL INCLUSION

Economic growth and social advancement depend on financial inclusion, which makes it possible for people and enterprises to access and use a variety of financial services that meet their requirements and preferences. The Indian government has taken an innovative step to promote financial inclusion in the country by establishing the India Post Payment Bank (IPPB).It is a government-owned business whose objective is to provide financial services throughout the whole nation by taking advantage of the huge India Post network. The purpose of this research paper is to present an overview of the India Post Payment Bank (IPPB) and examine its role in promoting financial inclusion in India. The study discusses IPPB's features and also highlights the major challenges faced by IPPB. The study is descriptive based on the secondary data. The findings of the study show the remarkable growth of India post payment bank in Customer base, total deposit collected, digital transactions, and DBT beneficiaries. India Post Payment Bank has emerged as a key player in driving financial inclusion. Its extensive reach, affordable services, digital solutions, and collaborative approach have opened doors to the formal financial system for millions of underserved individuals.

               

KEYWORDS: India Post Payment Bank, Financial Inclusion, Financial Services, Payment Banks, Postal Financial Services.


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